The Biden administration is poised to unveil steep new tariffs on imports of critical materials from China in its final effort to protect US manufacturing from the Asian superpower’s dominant cleantech industry.
The US trade representative’s office will on Wednesday announce a doubling to 50 per cent of the tariff on Chinese solar wafers and polysilicon, and hit tungsten products with a 25 per cent levy, according to people familiar with the plans.
The new tariffs, which will take effect on January 1, just weeks before Donald Trump replaces Joe Biden in the White House, mark an effort to shelter the US’s fast-growing solar energy sector from cheap Chinese suppliers.
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