The Chinese government will not implement a planned tariff increase on OCC and other recovered fiber imported from the U.S., nor scrap aluminum, after the two countries came to an agreement in recent trade talks. But existing tariffs will remain.
U.S. recovered fiber exports to China will continue to face a 25% tariff, as they have since September 2018. But an increase to 30%, proposed by the Chinese government as part of a large list of retaliatory tariffs against the U.S. last summer, has been called off.
A similar increase of 5 percentage points on scrap aluminum into China is also on hold after the agreement. The material has faced a 25% tariff into China since April 2018, and was considered for an increase as part of the latest retaliatory actions.
The increases were slated to take effect Dec. 15, but the two governments came to an agreement late last week, halting higher tariffs.