Gov't, businesses meet over US polysilicon tariffs
Korea's trade ministry on Tuesday held a meeting with relevant ministries and companies to discuss the impact of the latest U.S. tariffs on polysilicon and possible countermeasures. Officials from the Ministry of Climate, Energy and Environment, Samsung Electronics, OCI Company, a key materials supplier, and other related companies attended the meeting, which was presided over by Deputy Minister…
On Tuesday, South Korea convened a meeting with pertinent ministries and businesses to address the ramifications of the most recent U.S. tariffs on polysilicon and potential countermeasures. Representatives from the Ministry of Climate, Energy and Environment, Samsung Electronics, OCI Company, a crucial materials supplier, and other associated firms participated in the session led by Deputy Trade Minister Park Jung-sung.
They deliberated on strategies to mitigate the impact of Washington's latest tariffs, encompassing the evaluation of the tariffs' influence on exports by Korean enterprises and the supply chains of Korean firms operating within the United States, as reported by the Ministry of Trade, Industry and Resources in a press release.
Park expressed the government's commitment to offering prompt and targeted assistance to domestic businesses. The meeting transpired following U.S. President Donald Trump's signing of a proclamation last week, which imposed a 15 percent tariff on polysilicon derivative products. This new trade measure is scheduled to become effective at 12:01 a.m. on December 4 (U.S. time), set forth under Section 23 of the Trade Expansion Act of 1934.
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Also reported by 2 other outlets
- Gov't, businesses meet over US polysilicon tariffs koreatimes.co.kr
- Gov't, businesses meet over U.S. polysilicon tariffs en.yna.co.kr
