China's metal processing and mining equipment sectors will be counting the cost of new tariffs announced on Friday June 15 by United States Trade Representative (USTR) Robert Lighthizer.
They involve $50 billion worth of Chinese exports being hit by 25% duties, additional to duties already applied. They will cover China-made exports of a wide range of metal-making and mining machinery, and a smaller number of metal products. The White House has said these tariffs will come into effect soon, although no date has been announced.The affected products were selected from a short list that was trimmed following public consultation. The USTR will in the next few weeks consult on expanding these duties to include further tariff lines, which would encompass a wider range of...