Biden administration to reveal new tariffs on cleantech imports, FT reports

The Biden administration is set to reveal new tariffs on imports of critical materials from China in an effort to protect U.S. manufacturing from its dominant cleantech industry, Aime Williams of The Financial Times reports. On Wednesday, the U.S. trade representative’s office will announce a doubling to 50% of the tariff on Chinese solar wafers and polysilicon, while tungsten products will be hit with a 25% levy, people familiar with the plans told the Times. Companies in the space include Trina Solar (TSL), JA Solar (JASO), Daqo New Energy (DQ), and Canadian Solar (CSIQ).