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Biden doubles tariffs on Chinese solar panel components

  • The US Trade Representative announced an increase in import taxes for solar wafers and polysilicon from 25% to 50% starting January 1, 2025.
  • A new 25% levy will be applied to certain tungsten products used in electronics and semiconductors.
  • Katherine Tai stated that the tariffs "will further blunt the harmful policies and practices" adopted by China.
  • The International Energy Agency reported that China accounts for over 80% of the solar panel market at all stages of production.
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  • 66% of the sources are Center
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Financial Times broke the news in London, United Kingdom on Wednesday, December 11, 2024.
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