China to raise import tariffs on U.S. scrap copper, aluminium from Dec 15
BEIJING, Aug 24 (Reuters) -
* China will impose an extra 5% tariff on imports of copper
and aluminium scrap from the United States from Dec. 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
United States, one of its biggest suppliers, in a previous round
of duties and twice hit U.S. scrap aluminium with a 25% tariff
* The tariffs saw China's copper scrap imports from the
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
(Reporting by Tom Daly; additional reporting by Winni Zhou in
SHANGHAI; Editing by Paul Tait)
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