Trump’s Trade Actions to Boost US Solar and Chip Industry Competition with China

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The White House announced on Aug 6 a new set of trade measures to enhance the competitiveness of the United States in the solar and semiconductor industries, challenging China’s dominance in these sectors. President Donald Trump issued a proclamation imposing a 15% tariff and price floors on polysilicon products, a key raw material for semiconductors and solar panels, predominantly supplied by China. This move, under Section 232 of the Trade Expansion Act of 1962, aims to strengthen the domestic supply chains for chips and solar technology to better position the US against Beijing in artificial intelligence and renewable energy markets….

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