The United States government has increased its existing 10% additional duties on imports of base metals, ferrous metals and associated products from China to 25% from Friday May 10, citing a lack of progress on ongoing trade talks.
These duties will be imposed on Chinese exports to the US of tariff lines including items and products of copper, zinc, nickel, iron and steel and other base metals. A US government statement released in the US Federal Register said since a working lunch between US President Donald Trump and Chinese President Xi Jinping last December 1, the US and China have been trying to negotiate a trade deal. A key goal of the talks is to address US concerns about Chinese intellectual property protections for US technology exports to China. Meetings have been held in March,...