Asia's waste paper market will change

The United States West Coast Terminal stevedores plan to strike in July, which will make the port shipments paralyzed, disrupt the US cargo transportation plan, and affect the transport of waste paper. The Chinese government reacted to the US government's increase in its tariff on imported steel products. It wanted to impose a 24% import tax on US exports of recycled paper. Although this move will be conclusive at least a month later, many Chinese users are already considering alternative sources of supply so as not to be caught off guard as soon as they take effect. In addition, many U.S. waste paper suppliers also indicated that they are reluctant to absorb increased waste paper tariffs. For example, if Chinese customers need U.S. waste paper, they will have to pay increased tariffs. U.S. waste paper suppliers can hold such an attitude, relying mainly on the tight supply, and the supply of recycled waste paper in Europe is also very scarce. Therefore, it is also very difficult for Chinese users to switch to Europe, and Japanese waste paper exports are also temporary. Can not meet the needs of other countries in Asia. As a result, the Asian waste paper market will change due to the two changes in the US and the waste.