China to Raise Import Tariffs on US Scrap Copper & Aluminum

According to a list of retaliatory tariffs published by the Ministry of Finance, China will impose an extra 5% tariff on imports of copper scrap and aluminium scrap from the United States from December 15. 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 US 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.

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