Thu, December 12, 2024

Biden administration to increase tariffs on Chinese solar and tungsten products

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The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative's office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% from 25% and duties on certain tungsten products will increase from zero to 25%,

The Biden administration is set to increase tariffs on certain Chinese products, including solar panels and tungsten, as part of a broader strategy to counteract China's trade practices deemed unfair. This move aims to protect American industries and workers from what the U.S. perceives as China's market-distorting subsidies and other trade barriers. The decision to elevate tariffs on solar products comes amidst a backdrop of ongoing trade tensions, with the U.S. seeking to bolster its domestic solar manufacturing capabilities. Additionally, the increase in tariffs on tungsten, a critical material used in various industries, reflects concerns over China's dominance in the supply of this strategic resource. These actions are part of a review initiated under Section 301 of the Trade Act of 1974, which allows the U.S. to impose tariffs in response to unfair trade practices.

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https://www.msn.com/en-us/politics/government/biden-administration-to-increase-tariffs-on-chinese-solar-and-tungsten-products/ar-AA1vJWuB