This Morning in Metals: U.S. Could Add $257B in Tariffs on China if Talks Fail

by on

Dmitry/Adobe Stock

This morning in metals news, another major tariff hammer could be set to fall on Chinese goods coming into the U.S., iron ore prices continue to rise and copper falls.

Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook

More Tariffs on the Way?

The U.S. has already imposed tariffs worth a total of $250 billion on imports from China.

Since last month’s imposition of $200 billion in tariffs, tensions between the countries have not abated. According to Bloomberg, the U.S. plans to impose an additional $257 billion in tariffs — essentially covering all imports from China – if talks between President Donald Trump and President Xi Jinping fail to reach a resolution.

Iron Ore on the Rise

Iron ore prices were up Monday despite lower Chinese steel prices, Business Insider Australia reported.

Tuesday Tumble

Copper and other metals dropped Tuesday, affected by ongoing trade tensions between the U.S. and China, Reuters reported.

MetalMiner’s Annual Outlook provides 2019 buying strategies for carbon steel

Trump and Xi are expected to attend next month’s G20 meeting in Buenos Aires, the report notes.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.