Adjusting Imports of Polysilicon and Its Derivatives Into the United States
ProclamationTariff raisedSigned 08/06Federal Register 08/11Open the original
Summary
President Trump adjusts imports of polysilicon and its derivative products based on a section 232 investigation. The action includes a minimum import price program, a 15% ad valorem duty on downstream derivatives, and an onshoring program to encourage new US production facilities for polysilicon, ingot, wafer, and cell.
By industry
- Tariffs & Reshoring1 trading day−1.1%p15 stocks5 trading days+0.2%p15 stocks20 trading days−4.2%p15 stocks
“Adjusting Imports of Polysilicon and its Derivatives into the United States”
- Semiconductors & CHIPS Act1 trading day+1.4%p15 stocks5 trading days+3.4%p15 stocks20 trading days−5.9%p15 stocks
“material underpinning the security of America’s semiconductor and solar-power supply chains”
- Defense1 trading day+3.2%p15 stocks5 trading days+6.7%p15 stocks20 trading days−5.1%p15 stocks
“including the defense industrial base. For example, semiconductors are critical”
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
- Hanwha Aerospace 012450
- Korea Aerospace Industries 047810
- LIG Defense & Aerospace 079550
- Hyundai Rotem 064350
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
- Kevin Hern
Partial saleLockheed Martin
Partial saleLockheed Martin
LMT
$15K–$50K
Joint
$15K–$50K
Reported 09/25
Traded 09/02
- Kevin Hern
Full saleLockheed Martin
Full saleLockheed Martin
LMT
$15K–$50K
Joint
$15K–$50K
Reported 09/25
Traded 09/02
- Kevin Hern
Full saleBoeing
Full saleBoeing
BA
$15K–$50K
Joint
$15K–$50K
Reported 09/01
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
- Kevin Hern
Full saleBoeing
Full saleBoeing
BA
$1K–$15K
Joint
$1K–$15K
Reported 09/01
Traded 08/13
- 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
- Sheldon Whitehouse
Partial saleAnalog Devices
Partial saleAnalog Devices
ADI
$1K–$15K
Spouse
$1K–$15K
Reported 10/01
Traded 09/04
- 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
- 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