Dingsheng New Materials Downplays Impact of US 'Reciprocal' Tariffs

MT Newswires Live

04/10

Jiangsu Dingsheng New Materials (SHA:603876) said the US "reciprocal" tariffs will not have a significant adverse impact on the company, according to a Shenzhen Stock Exchange disclosure Wednesday.

The Chinese aluminum manufacturer said the amount of aluminum foil it exports to the US is relatively small, while the material produced in Thailand and Europe and exported to the US is explicitly exempted from the new tariff policy.

The company's shares rose over 2% in recent trade.

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