May 2019 | Steel Forecaster
New round of trade war measures could dampen potential growth: International Flat Product Market Analysis
President Trump announced new sanctions on Iran’s metals sector on May 8.
On Friday May 10 President Trump escalated the trade war with China by raising tariffs on Chinese imports from 10% to 25%. Among the extensive list of Chinese goods worth $200 billion published by the Office of the US Trade Representative, there is a number of steel containing goods, such as cooking appliances, motor vehicles parts, bicycles, furniture parts and trailers. The first round of tariffs has had a visible impact on Chinese trade, and as our first chart shows the value of Chinese exports dropped sharply...
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