Reported about 4 hours ago
New U.S. steel tariffs imposed by President Trump are expected to disrupt China's steel transshipment trade, impacting a significant supply chain that has previously allowed Chinese steel to enter the U.S. market via third countries. This policy threatens to exacerbate challenges for China's struggling steel sector, which relies on exports to offset domestic demand issues, as added competition and potential tariffs from other countries could further diminish its market presence.
Source: YAHOO