Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
The US announced on the 17th that it plans to impose new restrictions on Chinese steel and aluminum products, with an expected increase of more than three times the current tariffs on Chinese steel and aluminum, from 7.5% to 25%. According to data from the General Administration of Customs of China, China's steel exports to the United States JSH540Y steel in 2023 were 845000 tons, accounting for only 0.9% of the total export volume. According to our assessment, if tariffs are raised in the future, the impact on China's steel exports will be limited.
In response to this issue, the Chinese Ministry of Commerce and the Ministry of Foreign Affairs responded on the 18th. The spokesperson of the Ministry of Commerce expressed opposition and stated that the US accusations against China have no factual basis, and the relevant measures are typical unilateralism and protectionism, which China firmly opposes. On the 18th, the Chinese Ministry of Foreign Affairs also called on the United States to immediately cease its trade protectionism measures against China JSH540Y steel, and China will take all necessary measures to safeguard its legitimate rights.
On the early morning of the 19th, explosions were heard in Iran, Syria, and Iraq. According to Iran's Fars News Agency, explosions were indeed heard near Isfahan Airport and Shekari Air Force Base, and it was claimed that the attack was a minor attack that did not cause significant damage except for damaging the glass of the office building near Isfahan. Currently, the geopolitical situation in the Middle East JSH540Y steel remains tense due to previous Israeli attacks on Iranian consulates and large-scale Iranian attacks on Israel.
