Grim news for REC Silicon as U.S. raises trade war tariffs to 25%

With the deadline set by the Trump administration for avoiding a rise in further penalties on Chinese imports having passed without resolution last night, the Ministry of Commerce in Beijing reportedly warned of countermeasures, a threat which will raise fears among members of the Norwegian firm's U.S. workforce.Within hours of Norwegian polysilicon manufacturer REC Silicon warning of the dire consequences its American operations could face in the event of a collapse in the U.S.-China trade talks, the Trump administration made good on its threat to raise the tariffs imposed on Chinese imports. ...

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