SMM

[SMM Analysis: Limited Impact of US 25% Tariff Increase, Rising Risks in Aluminum Plate/Sheet, Strip and Foil Re-Export] The US's imposition of a 25% tariff on imported aluminum and steel has a relatively limited direct impact on China's aluminum plate/sheet, strip and foil market. However, attention should be paid to the risks of indirect re-export trade. Relevant domestic enterprises need to continuously assess the feasibility of re-export routes while accelerating the development of diversified export markets to reduce dependence on the US.