21 Hrs
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LBCI Lebanon
USA imposes 15% silicon tariff
The United States has imposed a 15% tariff on polysilicon products, a key material used in the manufacture of solar panels and semiconductors, with the aim of creating a level playing field for American producers and reducing dependence on China. This move follows a year-long investigation by the Department of Commerce, which emphasized the importance of domesticating the polysilicon industry to strengthen American manufacturing capacity, which has declined from 50% in 2005 to less than 2% in 2024. The tariffs are intended to protect strategic industries and support local growth in the technology and renewable energy sectors.
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