RE:🚫😊🚫U.S. Imposes New Tariff on Cobalt🚫😊🚫BIG NEWS. Trump just increased the value of ECS's cobalt by 10% and possibly 25% in January unless Communist China starts abiding by the WTO terms to which it guaranteed it would follow. Problem is that the communist Chinese couldn't care less about anything they agreed to in international agreements--their culture has nothing like the Western notion of ethics.
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The US Trade Representative or USTR said that aluminum and steel items, including aluminum scrap and stranded wire plus stainless steel and alloy steel products, will be subject to a 10% tariff starting September 24. The tariff rate will increase to 25% on January 1, 2019.
Copper, zinc, molybdenum, lead, cobalt, tin and titanium will also be taxed, along with a variety of non-metals goods.