“We don’t believe that some sort of trade war [is in the offing], we don’t believe it will get to that point,” chief financial officer Jack Lai said in a conference call. “We don’t see anti-dumping [tariffs] coming at this point in time.”

Beijing is contemplating slapping duties on foreign polysilicon – a decision that would be as retaliation for the tariffs imposed last year in the US and those under consideration in Brussels, as well as a reflection of its desire to support loss-making local producers like Daqo New Energy.

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