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…
The government and major businesses convened on Tuesday to examine the repercussions of the recent U.S. tariffs imposed on polysilicon and to deliberate potential countermeasures. Attendees from the Ministry of Climate, Energy and Environment, Samsung Electronics, OCI Company, and other pertinent firms joined Deputy Minister for Trade Park Jung-sung in the meeting.
The objective was to devise strategies to mitigate the adverse effects of Washington's latest tariffs, with a focus on evaluating their impact on the exports of Korean enterprises and their supply chains in the United States. The government pledged to provide prompt and targeted assistance to local businesses. The meeting occurred following U.S. President Donald Trump's signing of a proclamation last week, which imposed a 15% tariff on polysilicon derivative products, with the new trade measure slated to commence at 12:01 a.m. on December 4 (U.S. time). Trump implemented the additional tariff under Section 23 of the Trade Expansion Act of 1934.
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- Gov't, businesses meet over US polysilicon tariffs koreatimes.co.kr
- Gov't, businesses meet over U.S. polysilicon tariffs en.yna.co.kr
