President Donald Trump's new import restrictions on polysilicon products sent solar stocks higher in premarket trading. The tariffs, announced as part of the ongoing trade war, drew a sharp response from a Chinese diplomat, who on Friday described the trade dispute as a tortuous experience that had disrupted soybean trade between the world's two largest economies.
The diplomat said the trade war had interfered with the flow of soybeans, a major US export to China. The polysilicon tariffs target a key material used in solar panel manufacturing, extending the trade restrictions to a new sector.
The announcements add to the escalating trade tensions between Washington and Beijing, affecting markets and global supply chains.