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    China will impose tariffs on US copper scrap imports. Import volume has declined sharply since friction.

    China will impose tariffs on US copper scrap imports. Import volume has declined sharply since friction.

    • Categories:Industry news
    • Author:
    • Origin:
    • Time of issue:2019-07-26 13:34
    • Views:13

    (Summary description)China will impose tariffs on copper and aluminium scraps imported from the United States from December 15, according to the U.S. countervailing tariff list released late Friday by China's Ministry of Finance.



    In the previous round of tariff disputes, China has imposed tariffs on copper scrap imported from the United States. After imposing import tariffs on scrap copper, China's import of scrap copper from the United States has experienced a cliff-like decline.



    According to Chinese Customs data, in the first half of 2019, China's imports of copper scrap from the United States dropped sharply to about 52,022 tons compared with the same period last year



    Since the escalation of trade tension between China and the United States, China's import of copper scrap from the United States has decreased rapidly. In February 2018, China's import of copper scrap from the United States accounted for about 26% of the total import volume. At the end of 2018, the import proportion dropped to only 2, and in 2019, the proportion has increased slightly, accounting for only about 6.



    The additional 5 tariffs imposed on copper scrap imported from the United States will further aggravate the trade in copper scrap imported from the United States, which will lead to more domestic copper scrap traders to re-export from Asia-Pacific region and some countries in Southeast Asia in order to avoid tariffs, and at the same time, increase the cost of copper scrap imports.

    China will impose tariffs on US copper scrap imports. Import volume has declined sharply since friction.

    (Summary description)China will impose tariffs on copper and aluminium scraps imported from the United States from December 15, according to the U.S. countervailing tariff list released late Friday by China's Ministry of Finance.



    In the previous round of tariff disputes, China has imposed tariffs on copper scrap imported from the United States. After imposing import tariffs on scrap copper, China's import of scrap copper from the United States has experienced a cliff-like decline.



    According to Chinese Customs data, in the first half of 2019, China's imports of copper scrap from the United States dropped sharply to about 52,022 tons compared with the same period last year



    Since the escalation of trade tension between China and the United States, China's import of copper scrap from the United States has decreased rapidly. In February 2018, China's import of copper scrap from the United States accounted for about 26% of the total import volume. At the end of 2018, the import proportion dropped to only 2, and in 2019, the proportion has increased slightly, accounting for only about 6.



    The additional 5 tariffs imposed on copper scrap imported from the United States will further aggravate the trade in copper scrap imported from the United States, which will lead to more domestic copper scrap traders to re-export from Asia-Pacific region and some countries in Southeast Asia in order to avoid tariffs, and at the same time, increase the cost of copper scrap imports.

    • Categories:Industry news
    • Author:
    • Origin:
    • Time of issue:2019-07-26 13:34
    • Views:13
    Information
    China will impose tariffs on copper and aluminium scraps imported from the United States from December 15, according to the U.S. countervailing tariff list released late Friday by China's Ministry of Finance.
     
     
     
    In the previous round of tariff disputes, China has imposed tariffs on copper scrap imported from the United States. After imposing import tariffs on scrap copper, China's import of scrap copper from the United States has experienced a cliff-like decline.
     
     
     
    According to Chinese Customs data, in the first half of 2019, China's imports of copper scrap from the United States dropped sharply to about 52,022 tons compared with the same period last year.
     
     
     
    Since the escalation of trade tension between China and the United States, China's import of copper scrap from the United States has decreased rapidly. In February 2018, China's import of copper scrap from the United States accounted for about 26% of the total import volume. At the end of 2018, the import proportion dropped to only 2, and in 2019, the proportion has increased slightly, accounting for only about 6.
     
     
     
    The additional 5 tariffs imposed on copper scrap imported from the United States will further aggravate the trade in copper scrap imported from the United States, which will lead to more domestic copper scrap traders to re-export from Asia-Pacific region and some countries in Southeast Asia in order to avoid tariffs, and at the same time, increase the cost of copper scrap imports.

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