This story has been updated.
The Chinese government plans to levy a 25 percent tariff on U.S. shipments of OCC and other recovered fiber, as well as scrap plastic, in retaliation for the latest U.S. tariff proposals.
The largest paper companies in China have announced temporary closures due to recovered fiber shortages, and Southeast Asian governments are taking steps to stem the skyrocketing volume of recyclables they’ve imported this year.
The Chinese government has announced key policies in recent weeks, including a plan to ban all recovered material imports by 2020. In the U.S., Waste Management offered details on the impact of National Sword thus far.