Higher US tariffs on China dim demand outlook for industrial metals

From news.metal.com

Trade conflicts between China and the US exacerbated on Friday August 23 as the US President Donald Trump announced an additional 5% tariff on some $550 billion worth of Chinese goods, hours after China hiked tariffs on $75 billion of US products. This is set to pose a further threat to global growth and demand for industrial metals, SMM believes. On October 1, tariffs on $250 billion of Chinese products will increase from 25% to 30%. Tariffs planned at 10% on $300 billion worth of such goods on September 1 will rise to 15%. China’s exports of copper-related products to the US were mainly end-user products, ... (full story)