China says ‘arbitrary’ tariffs serve no one after US announces 50% copper levy
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Copper products on display at a stand during the Copper China 2025 trade fair in Shanghai on July 10.
PHOTO: AFP
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BEIJING – China said on July 10 that “arbitrary” tariffs such as the 50 per cent levy on copper announced by US President Donald Trump on national security grounds “serve no party’s interests”.
“We have always opposed the overstretching of the concept of national security,” Foreign Ministry spokeswoman Mao Ning told a regular news conference.
“We have also always believed that there are no winners in tariff wars and trade wars, and the arbitrary imposition of tariffs serves no party’s interests,” she said.
Mr Trump announced on July 9 that a US “national security” levy of 50 per cent on imports of copper,
Copper demand has surged in recent years as the world transitions to cleaner energy, with the metal needed for solar panels, wind turbines and electric vehicle batteries.
The International Energy Agency forecasts that global copper consumption will increase by more than 25 per cent to 33 million tonnes by 2035, from 26 million tonnes in 2023.
Mr Trump’s aggressive trade blitz has rattled global markets since his return to office in January.
He ordered an internal assessment in February on whether limited copper imports posed a threat to US national security.
He later promised to implement tariffs on copper, mirroring similar action on other key metals such as aluminium and steel, driving up prices as US buyers built up reserves. AFP
