China to raise import tariffs on U.S. scrap copper and aluminum
Topics: CHINA TARIFFS U.S. COPPER ALUMINUM
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 U.S. scrap aluminium with a 25% tariff in 2018.
The tariffs saw China’s copper scrap imports from the United States fall by 80% YoY 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. ■