The Biden administration has announced an increase in Section 301 tariffs on imports from China, specifically raising tariffs to 50% on solar wafers and polysilicon, and 25% on certain tungsten products, effective January 1. USTR Katherine Tai stated that these increases aim to counter China’s harmful trade practices and support the clean energy economy. This move follows prior tariff hikes targeting electric vehicles and semiconductors. The solar industry supports these tariffs, though reactions to tungsten tariffs are mixed, and further tariffs are anticipated, prompting manufacturers to consider diversifying supply chains.
Source: https://www.supplychaindive.com/news/ustr-biden-tariff-increase-wafers-polysilicon-tungsten/735240/