中国大宗商品-关税对中国钢铁、金属及农产品的影响

7 April 2025 | 9:24PM HKT China Commodities Tariffs - China steel and metals, and ag commodities On April 2nd, President Trump announced "reciprocal" tariffs on trading partners, resulting in what we estimate to be an increase of 26pp in the average effective US tariff rate on China, which would bring the total effective tariff rate on Chinese goods to 58% (link). In response, on April 4th, Chinese policymakers announced a 34pp tariff increase on all US exports to China, in addition to retaliatory tariffs i ...