Business US

Trump signs executive order to protect US polysilicon industry

WASHINGTON, Aug 6 (Reuters) – President Donald Trump has signed ‌an executive order ‌outlining new trade actions to protect ​the U.S. polysilicon manufacturing industry, a White House aide said on Thursday without ‌providing details.

The ⁠order lays out “a series of trade and tariff ⁠actions under Section 232, intended to ensure that ​domestic polysilicon ​manufacturing ​is properly supported ‌and protected from overseas dumping and offshore threats,” White House aide Will Scharf said.

Reuters previously reported the administration ‌planned to impose ​15% tariffs ​on imported ​polysilicon derivatives as ‌well as create ​a new ​price floor.

(Reporting by Jacob Bogage and Alexandra Alper ​in ‌Washington;Writing by Jasper Ward; Editing ​by David Ljunggren and ​Daniel Wallis)

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