Economy
Trump Imposes 15% Tariff on Solar Cells and Polysilicon Imports
Moneycontrol1h
THE BRIEF
1
The Trump administration has announced a new 15% tariff on imported solar cells, modules, and polysilicon, with no specific carve-outs provided for Indian manufacturers.
2
The trade action is designed to counter China's dominance in the renewable energy supply chain and establish price floors to protect domestic US production capabilities.
3
Industry analysts warn that the move could increase project costs for US solar developers and potentially trigger retaliatory trade measures from major global exporters.