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What is the impact of European and American tariffs on China aluminum industry on futures prices?
European and American tariffs on China aluminum have little effect on futures prices. China develops aluminum industry mainly to meet its own needs. Nearly 90% of the output is used for domestic consumption, and the export of aluminum products accounts for a small proportion. The increase in tariffs in the United States will have an impact on China's aluminum industry, but it is not that big. Judas Futures quoted data from the General Administration of Customs, showing that in 20 17, the export volume of aluminum profiles, aluminum strips, aluminum foils and aluminum tubes in China was 4190,000 tons, and the export volume of the above four aluminum products to the United States was 672,000 tons, accounting for 16% of the total export volume. Among them, the amount of aluminum foil exported to the United States is148,500 tons, accounting for 12.79% of aluminum foil exports. The ten countries and regions that have the greatest influence when the United States raises tariffs on imported steel and aluminum products are: the United States wants to raise tariffs on steel and aluminum. If nothing else, we only need to look at the top ten experts who were shot: 1, Canada 16% 2, Brazil 13% 3, Korea 10% 4, Mexico.