Fact Sheet: President Donald J. Trump Bolsters National Security and Strengthens U.S. Supply Chains by Imposing Tariffs on Polysilicon and its Derivatives
Fact sheetTariff raisedPublished 08/06Open the original
Summary
President Trump imposes a minimum import price program on polysilicon and polysilicon derivatives and a 15% ad valorem tariff on downstream derivative products. The remedies take effect 120 days after signing, and Commerce is authorized to create an incentive program for companies investing in polysilicon production facilities.
By industry
- Tariffs & Reshoring1 trading day−1.1%p15 stocks5 trading days+0.2%p15 stocks20 trading days−4.2%p15 stocks
“The Proclamation imposes a 15% ad valorem tariff on derivative products that are downstream of polysilicon”
- Semiconductors & CHIPS Act1 trading day+1.4%p15 stocks5 trading days+3.4%p15 stocks20 trading days−5.9%p15 stocks
“Polysilicon is a key building block for the semiconductor industry with important national defense and defense-adjacent uses”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/08/05 | 0.0% | 0.0% |
| 26/08/06 | −1.4% | −0.3% |
| 26/08/07 | +1.0% | +0.2% |
| 26/08/10 | +1.3% | +0.2% |
| 26/08/11 | +1.5% | −0.1% |
| 26/08/12 | +0.3% | +0.1% |
| 26/08/13 | −0.8% | +0.8% |
| 26/08/14 | −1.1% | +0.6% |
| 26/08/17 | −0.1% | +0.1% |
| 26/08/18 | −3.5% | −0.5% |
| 26/08/19 | −6.4% | −0.2% |
| 26/08/20 | −9.3% | −1.1% |
| 26/08/21 | −7.7% | −0.8% |
| 26/08/24 | −9.1% | −1.0% |
| 26/08/25 | −7.5% | −0.7% |
| 26/08/26 | −7.4% | −0.1% |
| 26/08/27 | −5.9% | −0.2% |
| 26/08/28 | −6.7% | −0.3% |
| 26/08/31 | −7.0% | −0.5% |
| 26/09/01 | −7.5% | −1.2% |
| 26/09/02 | −5.0% | −0.8% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Samsung Electronics 005930
- SK hynix 000660
- SKC 011790
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Nancy Pelosi
BuyIntel
BuyIntel
INTC
$500K–$1M
Spouse
$500K–$1M
Reported 08/21
Traded 07/24
- Nancy Pelosi
BuyIntel
BuyIntel
INTC
$250K–$500K
Spouse
$250K–$500K
Reported 08/21
Traded 07/24
- Cory Booker
Full saleNvidia
Full saleNvidia
NVDA
$15K–$50K
Spouse
$15K–$50K
Reported 09/09
Traded 08/11
- Sheldon Whitehouse
Partial saleNvidia
Partial saleNvidia
NVDA
$15K–$50K
Self
$15K–$50K
Reported 09/02
Traded 08/13
- Sheldon Whitehouse
Partial saleNvidia
Partial saleNvidia
NVDA
$1K–$15K
Spouse
$1K–$15K
Reported 09/02
Traded 08/13
- Josh Gottheimer
BuyApplied Materials
BuyApplied Materials
AMAT
$1K–$15K
Joint
$1K–$15K
Reported 09/14
Traded 08/06
- Sheldon Whitehouse
Partial saleLam Research
Partial saleLam Research
LRCX
$1K–$15K
Spouse
$1K–$15K
Reported 09/02
Traded 08/13
- Shelley Capito
Partial saleIntel
Partial saleIntel
INTC
$1K–$15K
Spouse
$1K–$15K
Reported 08/04
Traded 07/21
- Gilbert Cisneros
BuyNvidia
BuyNvidia
NVDA
$1K–$15K
Self
$1K–$15K
Reported 09/04
Traded 07/17
- Sam T. Liccardo
Partial saleNvidia
Partial saleNvidia
NVDA
$15K–$50K
Self
$15K–$50K
Reported 07/27
Traded 07/21
- Gilbert Cisneros
BuyAdvanced Micro Devices
BuyAdvanced Micro Devices
AMD
$1K–$15K
Self
$1K–$15K
Reported 09/04
Traded 07/17
- Gilbert Cisneros
Partial saleNvidia
Partial saleNvidia
NVDA
$1K–$15K
Self
$1K–$15K
Reported 09/10
Traded 08/18
- John J. McGuire III
BuyNvidia
BuyNvidia
NVDA
$1K–$15K
Spouse
$1K–$15K
Reported 09/02
Traded 08/18
- Dan Newhouse
BuyMicron Technology
BuyMicron Technology
MU
$1K–$15K
Spouse
$1K–$15K
Reported 07/17
Traded 07/10
- Dan Newhouse
Partial saleNvidia
Partial saleNvidia
NVDA
$1K–$15K
Spouse
$1K–$15K
Reported 07/17
Traded 07/10
- Gilbert Cisneros
Partial saleAdvanced Micro Devices
Partial saleAdvanced Micro Devices
AMD
$1K–$15K
Self
$1K–$15K
Reported 09/10
Traded 08/18
- Jared Moskowitz
BuyApplied Materials
BuyApplied Materials
AMAT
$1K–$15K
Self
$1K–$15K
Reported 08/27
Traded 07/13
- Rick W. Allen
BuyAdvanced Micro Devices
BuyAdvanced Micro Devices
AMD
$1K–$15K
Spouse
$1K–$15K
Reported 08/18
Traded 07/14
- John J. McGuire III
BuyApplied Materials
BuyApplied Materials
AMAT
$1K–$15K
Spouse
$1K–$15K
Reported 08/10
Traded 07/15
- Dan Newhouse
Partial saleAdvanced Micro Devices
Partial saleAdvanced Micro Devices
AMD
$1K–$15K
Spouse
$1K–$15K
Reported 07/17
Traded 07/10