【US-China Trade Disputes Resurface, Secondary Copper Raw Material Imports Face Uncertainty】 In mid-to-late November 2024, news emerged that the newly elected US President, Donald Trump, planned to impose a 10% tariff on Chinese products entering the US. This sparked concerns among most domestic importers, who feared that the trade disputes between China and the US might once again affect the import of secondary copper raw materials. As a result, they began gradually halting direct imports of secondary copper raw materials from the US. Now, the tariff policy has been initially implemented. On February 1, 2025, US President Donald Trump signed an executive order to raise tariffs by 10% on goods imported from China, based on the existing tariff rates. In response, China's Customs Tariff Commission of the State Council promptly issued an announcement regarding tariff hikes on certain imported goods originating from the US. However, secondary copper raw materials (HS code: 74040000) were not included in the list of goods subject to this round of tariff hikes.
Feb 7, 2025 10:22