US hikes tariffs on imports of China’s solar wafers, polysilicon and tungsten products

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US hikes tariffs on imports of China’s solar wafers, polysilicon and tungsten products - Business Mirror

Quick Summary:

BANGKOK—The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses.

After Beijing announced its ban on exporting gallium and the other materials to the United States, analysts said tungsten was another likely area where China might strike back.

China has sharply ramped up production of cheap electric vehicles, solar panels, and batteries at a time when the Biden administration has championed moves to support those industries in the US.