China Nonferrous Metals Industry Association: The direct impact of this "reciprocal tariff" on China's nonferrous metal industry is limited

The China Nonferrous Metals Industry Association stated that the recent "reciprocal tariffs" imposed by the United States have limited direct impact on China's nonferrous metals industry. Although the U.S. has increased tariffs on metal products such as aluminum and copper, China's exports of aluminum and copper to the U.S. have significantly decreased, accounting for 3.8% and 4.6% of total exports, respectively. However, the indirect impact of high tariffs on downstream industries such as home appliances and consumer electronics still needs attention