Wacker weighs closing Tennessee polysilicon plant after Trump tariffs, Reuters reports

Wacker Chemie is considering the closure of its polysilicon plant in Charleston, Tennessee, which employs approximately 600 people. According to Reuters, the German chemicals company lost its final two customers for the material following the announcement of new US tariffs intended to protect the industry. Consequently, the company is evaluating the future of the facility. Following these reports of a potential plant closure, Wacker Chemie stock experienced a decline in value.