SMM

[SMM Analysis: How Will US Tariffs on Steel and Aluminum Affect China's Exports?] The US policy of imposing a 25% tariff on all aluminum and steel imports has a limited impact on China's aluminum product exports. However, it may drive up spot premiums in the US, further increasing procurement costs for domestic enterprises. Additionally, attention should be paid to the risk of changes in US domestic consumption demand and the trends in demand changes in other overseas regions.