The Assay - No Industry Spared In The $100B US-China Trade Spat
ADVERTISEMENT
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home Articles

No Industry Spared In The $100B US-China Trade Spat

By Ashleigh Cotting

byThe Assay
5 years ago
Reading Time: 3 mins read
No Industry Spared In The $100B US-China Trade Spat

U.S. tariffs that came into effect on roughly $34 billion worth of Chinese goods July 6 mainly targeted components of consumer products, like electrical equipment, chemicals, and metals, while China took aim at agricultural and energy products to the same value when it immediately retaliated.

No Industry Spared In The 0B US-China Trade SpatComponents

The U.S. had originally included several consumer goods in an original list of tariffs released in April, but these were dropped to shift the focus to their components.

China’s first round of tariffs included agricultural products the country was once in talks to purchase as a way to reduce its trade deficit with the U.S. During the 12 months ended April 30, the U.S. exported US$15 billion of vegetable products to China, accounting for 26% of all such U.S. exports during the period.

No Industry Spared In The 0B US-China Trade Spat

Chinese electronics

In its proposed list of additional tariffs, the U.S. will again target industrial supply chains, with machinery and electric products topping the list. China’s second-round list would be dominated by energy products, including oil, coal and natural gas liquids. During the 12 months ended April 30, 7% of U.S. energy exports went to the Asian nation, worth US$9.7 billion. Notably, LNG was left off the list. As recently as late May, China was in talks to increase LNG imports from the U.S.

No Industry Spared In The 0B US-China Trade Spat

Soybeans

In terms of value, construction equipment parts top the U.S.’s July 6 tariffs, at US$1.9 billion of shipments. The most valuable products to be targeted in the next round will be electronic equipment: U.S. imports of these products from China totaled US$4.8 billion.

The Chinese retaliation July 6 included levies on soybeans. Over 54% of U.S. soybeans exports go to China, totaling US$11 billion. China’s second-round list of tariffs will target energy products, with China accounting for 16% of combined U.S. exports of crude oil and petroleum products. The inclusion of metallurgical coal is noteworthy, since coal was reportedly in considerations as a path to reducing the U.S. trade deficit.

No Industry Spared In The 0B US-China Trade Spat

TweetShareSend
Previous Post

Market Value Of Top Mining Companies Declines in June

Next Post

Presentation: Lundin Gold

Related Posts

DLP Resources Intersects 693.4m Interval of 0.64% CuEq in Southern Peru
News

DLP Resources Intersects 693.4m Interval of 0.64% CuEq in Southern Peru

byColin Sandell-Hay, Contributor - The Assay
3 June, 2023
Mantaro Completes Drill Pad Construction at Santas Gloria Ahead of 2500m Drill Programme
News

Mantaro Completes Drill Pad Construction at Santas Gloria Ahead of 2500m Drill Programme

byColin Sandell-Hay, Contributor - The Assay
3 June, 2023
Filo Mining Increases Private Placement to C$130 Million
News

Filo Mining Increases Private Placement to C$130 Million

byColin Sandell-Hay, Contributor - The Assay
3 June, 2023
American Rare Earths Halleck Creek Tests Pave Way Towards Commercial Success
News

American Rare Earths Halleck Creek Tests Pave Way Towards Commercial Success

byColin Sandell-Hay, Contributor - The Assay
2 June, 2023
Ragusa Unveails Robust Burracoppin REE MRE of 96Mt
News

Ragusa Unveils Robust Burracoppin REE MRE of 96Mt

byColin Sandell-Hay, Contributor - The Assay
2 June, 2023
Matsa Confirms Large Gold System at Fortitude North
News

Matsa Confirms Large Gold System at Fortitude North

byColin Sandell-Hay, Contributor - The Assay
2 June, 2023
Next Post
Presentation: Lundin Gold

Presentation: Lundin Gold

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Articles

  • Mixed Forecasts for 2023 Copper Price Levels

    Mixed Forecasts for 2023 Copper Price Levels

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • The Assay’s Guide to Manganese Mining and Production

    0 shares
    Share 0 Tweet 0
  • Chinese EVs Storm the European Market

    0 shares
    Share 0 Tweet 0
  • Zinc Mining & Market Outlook 2022-2025

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay