U.S. to impose higher tariffs on Chinese solar and tungsten products, escalating trade tensions with China.

The U.S. Trade Representative's Office plans to announce a 50% tariff on Chinese solar wafers and polysilicon, doubling the current rate, and a 25% tariff on tungsten products. This action aims to reduce U.S. reliance on Chinese goods, bolster domestic manufacturing, and protect supply chains, escalating trade tensions between the U.S. and China. Solar components and tungsten are crucial for solar panels and industrial uses, including defense and electronics.

3 months ago
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