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Trade Policy Developments: Chinese Import Tariffs

As per ISRI’s Member Alert dated August 8, 2018, China’s latest retaliatory import tariffs will cover all U.S. scrap commodities, including nonferrous scrap:

In retaliation for the Administration's announcement yesterday that tariffs would be imposed on $16 billion worth of Chinese goods beginning on August 23, the Chinese government has announced retaliatory tariffs on $16 billion worth of American goods, and the list includes ALL scrap commodities. These tariffs will also go into effect on August 23.

ISRI is already hearing from contacts in China that the announcement has caused consternation among Chinese consumers of U.S. scrap commodities. Although these tariffs will not be levied on imports from other countries, it is our understanding that other regions may not be able to fulfill all of China's demand. This is in line with other reports that the trade war has had an impact on the Chinese economy across many sectors.

ISRI regrets that the trade dispute between the United States and China continues to escalate without any indication that the two governments will be negotiating an agreement on trade. There is no doubt that these tariffs will impair the already diminishing scrap exports from the United States to China.

Although the list is still in Chinese, it can be read here. The tariff codes are as follows: 
  • 3915 Plastics
  • 4707 Paper
  • 7204 Ferrous
  • 7404 Copper
  • 7503 Nickel
  • 7602 Aluminum
  • 7802 Lead
  • 7902 Zinc
  • 8002 Tin
  • 8104 Other base metals

Please contact Adina Renee Adler if you have any questions.

Nonferrous Beat

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