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ISRI Notifies Members of China’s Latest Tariff Announcement Getty Images

ISRI Notifies Members of China’s Latest Tariff Announcement

ISRI states China’s move is in retaliation of the U.S. administration’s announcement of tariffs on Chinese products to begin in September and December.

The Institute of Scrap Recycling Industries (ISRI) has notified its members that China intends to add tariffs on $75 billion in goods from the U.S. starting December 15.

Recycling Today reports that ISRI says the following scrap commodities will be assessed an additional 5 percent tariff, bringing the total import tariff to 30 percent:

  • Harmonized Tariff Code 4707.10.00, unbleached kraft paper or paperboard or corrugated paper or paperboard.
  • Harmonized Tariff Code 4707.30.10, paper or paperboard made mainly of mechanical pulp (for example, newspapers, journals and similar printed matter), newspaper and other.
  • Harmonized Tariff Code 4707.90.00, other, including unsorted waste and scrap falling under the ISRI specifications of 52, 54 and specialty grades 1-S through 7-S, 10-S, 12-S, 14-S through 20-S, 22-S, 31-S and 34-S.
  • Harmonized Tariff Code 7404.00.00, copper waste and scrap.
  • Harmonized Tariff Code 7602.00.00, aluminum waste and scrap.
  • Harmonized Tariff Code 7001.00.00, cullet and other waste and scrap of glass.

Recycling Today has more information:

The Institute of Scrap Recycling Industries (ISRI), Washington, has issued an alert notifying its members that the Chinese government intends to add tariffs on $75 billion in goods from the U.S. beginning Dec. 15.

ISRI says the move is in “apparent retaliation for the U.S. administration’s announcement of tariffs on Chinese products to begin in September and December.”

These tariffs are in addition to those the Chinese government enacted in 2018.

Read the full article here.

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