China to raise import tariffs on US scrap copper, aluminum from December 15
US President Trump has imposed steep tariffs on $250 billion in Chinese goods, with a further $300 billion in imports
BEIJING:
China will impose an extra 5% tariff on imports of copper scrap and aluminium scrap from the United States (US) from December 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday.
Beijing had already levied a 25% tariff on copper scrap from the United States, one of its biggest suppliers, in a previous round of duties and twice hit the US scrap aluminium with a 25% tariff in 2018.
China to impose new tariffs on $75b of US imports
The tariffs saw China’s copper scrap imports from the United States fall by 80% year-on-year in the first half of 2019 to around 52,022 tonnes, customs data show, while aluminium scrap imports were down 16% to 229,837 tonnes.
China, the world’s biggest metals consumer, is tightening restrictions on imports of scrap metal, regardless of its origin, as part of an environmental campaign against foreign solid waste.
China will impose an extra 5% tariff on imports of copper scrap and aluminium scrap from the United States (US) from December 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday.
Beijing had already levied a 25% tariff on copper scrap from the United States, one of its biggest suppliers, in a previous round of duties and twice hit the US scrap aluminium with a 25% tariff in 2018.
China to impose new tariffs on $75b of US imports
The tariffs saw China’s copper scrap imports from the United States fall by 80% year-on-year in the first half of 2019 to around 52,022 tonnes, customs data show, while aluminium scrap imports were down 16% to 229,837 tonnes.
China, the world’s biggest metals consumer, is tightening restrictions on imports of scrap metal, regardless of its origin, as part of an environmental campaign against foreign solid waste.