Biden administration to unveil extra tariffs in parting present to China

It’s being reported that the US commerce consultant’s workplace will later right now announce a doubling of tariff on Chinese language photo voltaic wafers and polysilicon to 50%, with tungsten merchandise additionally to be slapped with a 25% levy. This as a part of Biden’s ultimate efforts to guard US manufacturing from China’s cleantech trade.

The brand new tariffs are mentioned to enter impact on 1 January, just a bit lower than three weeks earlier than Trump formally takes workplace.

For some background, the photo voltaic wafers and polysilicon are primarily utilized in photo voltaic cell manufacturing whereas tungsten can be utilized in a wide range of issues however is arguably focused as a part of weaponry and chip making processes. All in all, it is yet one more space by which US is focusing on China as a part of the tech conflict between the 2 nations.

The complete report by the FT could be discovered right here (could also be gated).

This text was written by Justin Low at www.ubaidahsan.com.



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