A 25% tariff will be placed on exports of waste paper and scrap metal from the United States and Canada into China.
From 23 August, all grades of recycled paper will be subject to the tariff, including mixed paper that is currently banned for import anyway.
In an announcement by the Chinese Ministry of Commerce, a total of $16 billion of goods were subject to the tariff in retaliation to US tariffs on Chinese products . . .
The rest of this content is for Intelligence subscribers only. Want a free 14-day trial? Click here to request it
Already a subscriber?
If you would like to subscribe, please do so below: