Market Chatter: US Considers Price Floor, Tariffs on Polysilicon to Counter China
The US government is considering to set a price floor and enforce tariffs on polysilicon and derivative products in a bid to bolster efforts to challenge China in the solar panel and semiconductor industries, Reuters reported Tuesday, citing four sources familiar with the plan.The plan is expected to advance later in the month and will allow investors in US wafer and cell production to offset the costs brought about by the trade protections, according to the report.The US Department of Commerce did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $16.11, Change: $+0.59, Percent Change: +3.80%
