【Sino-US Trade Disputes Resurface: Uncertainty Looms Over Secondary Copper Raw Material Imports】
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 trade disputes between China and the US might once again affect secondary copper raw material imports. As a result, they began gradually halting direct imports of secondary copper raw material from the US.
Now, the tariff policy has been initially implemented. On February 1, 2025, US President Donald Trump signed an executive order to impose an additional 10% tariff on goods imported from China, on top of the existing tariffs. In response, China's Customs Tariff Commission of the State Council promptly issued an announcement regarding the imposition of additional tariffs on certain imported goods originating from the US. However, secondary copper raw material (HS code: 74040000) was not included in the list of goods subject to the additional tariffs.
