THE outgoing Biden administration is preparing tariffs on imports of Chinese cleantech sector, reports London's Financial Times
THE outgoing Biden administration is preparing tariffs on imports of Chinese cleantech sector, reports London's Financial Times. The US trade representative's office will 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 rival Chinese suppliers.
Solar wafers and polysilicon are essential in solar cell manufacturing, and tungsten is used in goods ranging from weapons to computer chips. The new tariffs underscore Washington's anxiety about US over-reliance on China for materials crucial to its energy security and tech sector.
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