US Moves to Protect Solar Industry with 15% Polysilicon Tariff
What Happened
US President Donald Trump announced a 15% tariff and minimum import price floors on polysilicon and related solar products. Polysilicon is a critical raw material used in solar panels and semiconductors. The move is aimed at reducing US dependence on foreign suppliers, particularly China, and strengthening domestic manufacturing. The measures are scheduled to take effect in December 2026.
Key Takeaways
Any disruption or price increase in the global polysilicon supply chain could affect solar project costs worldwide including India.