Trump extends tariffs to Chinese polysilicon, lifting US solar stocks

cnbc.com

President Trump imposed a 15% duty on polysilicon imports, causing solar stocks to surge in premarket trading Friday. The tariff, imposed under Section 232, also introduces minimum prices for related imports. First Solar jumped over 7%, while Solaredge rose 1% and the Invesco Solar ETF gained 4%. The move aims to protect U.S. solar supply chains from Chinese competition. Trump acted on advice from Commerce Secretary Howard Lutnick, citing decades of foreign weakening of U.S. polysilicon producers. The order follows broader efforts to insulate chip and solar supply chains from China.


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Trump extends tariffs to Chinese polysilicon, lifting US solar stocks | News Minimalist