US-China trade war having ‘no effect’ on China steel, amid surging domestic market and tariff exemptions

The trade war between the United States and China is having “no effect” on the Chinese steel sector, which is being propped up by “surging domestic demand”, according to a new study.
New research by US analysts shows that Chinese steel producers are enjoying more exemptions from US President Donald Trump’s tariffs on steel than those from US allies Canada, South Korea, Spain and the United Kingdom.
This is despite the fact that when the tariffs were invoked under…

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