China's Iron Ore Price Index on June 19
On June 19th, the tax-inclusive price of domestically produced iron ore 65% grade dry-base iron ore concentrate was 647.99 yuan per ton, an increase of 1.66 yuan per ton, or an increase of 0.26%; the average price of the month was 649.21 yuan per ton.
Retaliation! China imposes tariffs on U.S. $50 billion imported goods
Imported goods will be subject to a 25% tariff, of which 545 items of about 340 billion U.S. dollars worth of goods such as agricultural products, automobiles, and aquatic products will be imposed with tariffs from July 6, 2018, and the implementation time for additional tariffs on other goods will be announced separately.
The US initiated trade war will also harm the United States itself
Wall Street analysts and economists pointed out that if the trade disputes cause the U.S. economic growth to slow down, the U.S. job market will be affected and the U.S. family property will suffer losses; trade disputes will also offset the December tax cuts for the U.S.
US steel aluminum tariff policy triggered worries---International agencies have warned
IMF President Lagarde also stated that the unilateral trade action taken by the United States is destructive and is not conducive to the operation of the global economy and trade system. Scotiabank issued a report that the U.S. tariff action will hit the Canadian and Mexican economies and reduce the Canadian economy by 1.8%.
US steel aluminum tariff policy triggered worries---Media
The foreign media stated that if Trump further promotes protectionist measures, it may trigger selling pressure on the stock market, thereby hurting corporate and consumer confidence.
The Ministry of Commerce initiated a review of various seamless steel tubes in the United States and Europe
On June 16, 2018, the Ministry of Commerce issued Notice No. 49 of 2018, which promulgated a preliminary ruling on the anti-dumping investigation of imported hydroiodic acid products originating in the United States and Japan.
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