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, including ... (full story)