{"id":86070,"date":"2019-06-29T15:44:07","date_gmt":"2019-06-29T10:14:07","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=6362"},"modified":"2019-06-29T15:44:07","modified_gmt":"2019-06-29T10:14:07","slug":"trade-war-makes-india-a-haven-for-aluminium-scrap-dumping","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/trade-war-makes-india-a-haven-for-aluminium-scrap-dumping\/","title":{"rendered":"Trade war makes India a haven for aluminium scrap dumping"},"content":{"rendered":"\n
  1. India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year.<\/li>
  2. The imports has increased due to a trade war between China and the U.S.Trade war is a situation where countries restrict each other\u2019s trade by imposing tariffs or quotas on imports.<\/li>
  3. The U.S. had imposed an import duty of 10% on aluminium in March 2018 and in response China too had implemented a 25% duty on the import of aluminium scrap.<\/li>
  4. Further,China has not only put the duty on U.S. scrap but they are also classifying aluminium scrap as a restricted import which will be implemented from July 1,2019.<\/li>
  5. This has led to the aluminium scrap being diverted and dumped in India.The surge in import of scrap has also led to the Indian domestic industry losing its market share.<\/li>
  6. In this situation,the Aluminium Association of India has requested the government to increase customs duty on imports to up to 12.5%.At present,the duty varies from 2.5% to 10%, on products such as primary aluminium,scrap and downstream products.<\/li><\/ol>\n

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    India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year. The imports has increased due to a trade war between China and the U.S.Trade war is a situation where countries restrict each other\u2019s trade by imposing… Continue reading Trade war makes India a haven for aluminium scrap dumping<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3624,888],"class_list":["post-86070","post","type-post","status-publish","format-standard","hentry","category-economy","tag-aluminium-scrap","tag-trade-war","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704717802},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86070"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86070\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}