李宇圣：这次“对等关税”对我国有色金属工业的直接影响有限

Core Viewpoint - The Chinese non-ferrous metal industry has experienced a significant decline in exports to the United States since the trade tensions began in 2018-2019, with indirect impacts on domestic consumption due to high tariffs [1] Summary by Relevant Sections Export Trends - In 2024, China's exports of unwrought aluminum and aluminum products to the U.S. were 25,400 tons, a decrease of 62% compared to 2017, with the export share dropping from 14.1% to 3.8% [1] - The U.S. has fallen from being China's largest aluminum export destination to the sixth position [1] Copper Exports - Exports of copper products to the U.S. accounted for only 4.6% of China's total copper exports, with some exemptions applied [1] Impact of Tariffs - The direct impact of the high "reciprocal tariffs" on China's non-ferrous metal industry is limited; however, the indirect effects on downstream sectors such as home appliances, consumer electronics, machinery, and light industry due to restricted exports to the U.S. should not be overlooked [1]