Taking Stock 

China lays waste to western imports

Mark Robinson

China lays waste to western imports

Amid the claims and counter claims over US plans to impose tariffs on up to $60bn (£42.5bn) of Chinese imports, there is at least one area of US-Sino trade in which the Trump administration wants to maintain the status quo. At the same time as the White House said that it had identified more than 1,000 products that could be targeted by tariffs of up to 25 per cent, it also asked China to rescind a ban on imports of scrap materials. Bizarrely, scrap remains one of the US’s biggest dollar value exports to China.

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