Beijing’s latest tariffs on US goods to inflict minimal impact on China’s tin market

SHANGHAI, Sep 20 (SMM) – The Chinese tin market is likely to feel minimal impact from Beijing’s latest round of tariffs on $60 billion worth of US goods given the limited trade flows, SMM expects.

Beijing’s plan for the tariffs includes an additional 5% duty on about 1,600 kinds of US products including smaller aircraft, computers and textiles and an extra 10% on more than 3,500 items including chemicals, meat, wheat, wine and LNG.

Stannic oxide, solder and tin alloys are also included in the list.

Data from China Customs showed that only about 9 mt of tin semis were imported from the US in January-March, compared to the overall imported volume of 668 mt.