US Commerce Secretary Confirms Aluminum and Steel Tariffs to Proceed; Limited Impact on China's Direct Exports Predicted

Telah Terbit: Mar 10, 2025 16:37
US Commerce Secretary Howard Lutnick confirmed last weekend that the "aluminum and steel tariffs" will proceed as scheduled. He expects the 25% tariffs on steel and aluminum imports, originally set to take effect on Wednesday (the 12th), to be implemented as planned. According to customs data, in 2024, China's direct exports to the US account for only 4.1% of the total volume, while China's direct exports of aluminum products to the US account for 16.5% of the total volume. This indicates that the policy has a limited impact on China's direct export volume. However, attention should be paid to the risks of declining US demand and weakening exports from Canada and Mexico, which may indirectly affect the demand for China's aluminum semis.

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