中国有色金属工业协会：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 recent "reciprocal tariffs" imposed by the U.S. government have a limited direct impact on China's non-ferrous metal industry, despite the significant increase in tariffs on aluminum and copper products [1] Summary by Relevant Sections Impact of Tariffs - The U.S. has imposed an additional 20% tariff on all imported products from China this year, increasing the tariffs on aluminum from 10% to 25% under the "301" and "232" investigations [1] - Following the trade tensions between China and the U.S. in 2018-2019, China's exports of non-ferrous metal products to the U.S. have significantly decreased [1] Export Statistics - In 2024, China's exports of unwrought aluminum and aluminum products to the U.S. were 254,000 tons, a 62% decrease from 2017, with the export share dropping from 14.1% to 3.8% [1] - Copper exports to the U.S. now account for only 4.6% of China's total exports, indicating a substantial decline in trade volume [1] Indirect Effects - The high tariffs may indirectly affect the consumption of non-ferrous metals in downstream industries such as home appliances, consumer electronics, machinery, and light industry due to restricted exports to the U.S. [1]