MYSTEEL: Will China's stainless industry trump Trump's new tariffs?

The United States has ramped up its trade offensive recently by modifying "reciprocal" tariffs on dozens of its trading partners. Starting August 7, all goods that the U.S. considers to have been transhipped to avoid applicable duties are subject to an additional 40% tariff, according to the White House.

Market analysts warn that the newly imposed duties on transhipped goods could deliver a double whammy to Chinese stainless steel exporters, who are already grappling with elevated base tariffs and softening global demand. In particular, the measure is expected to dent the country's exports to Southeast Asia, according to an