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China says it 'resolutely opposed' Trump's steel, aluminum trade tariffs

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China says it 'resolutely opposed' Trump's steel, aluminum trade tariffs
Latest company news about China says it 'resolutely opposed' Trump's steel, aluminum trade tariffs

China's commerce ministry said on Friday that it "resolutely opposed" a move by U.S. President Donald Trump to impose tariffs on steel and aluminum imports.
Beijing called for the United States to withdraw the measures as quickly as possible.
Companies in the world's top producer of both metals "strongly oppose" the duties, they said in statements on Friday.

Taken wholesale, tariffs are only 'representative' in nature Taken wholesale, tariffs are only 'representative' in nature
1 Hour Ago | 02:46
China's commerce ministry said on Friday that it "resolutely opposed" a move by U.S. President Donald Trump to impose tariffs on steel and aluminum imports and called for the United States to withdraw the measures as quickly as possible.

On Thursday Trump pressed ahead with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier "no-exceptions" stance.

China's Ministry of Commerce said China would assess any damage caused by the U.S. move and "firmly defend its legitimate rights and interests". It added that the tariffs would "seriously impact the normal order of international trade".

Companies in the world's top producer of both metals "strongly oppose" the duties, the China Iron & Steel Association (CISA) and China China Nonferrous Metals Industry Association said in separate statements on Friday.

"The China Iron & Steel Association (CISA) appeals for the Chinese government to take resolute measures against imports of some U.S. products including stainless steel, galvanized sheet, seamless pipe, coal, agriculture products and electronic products," the industry body said in a statement on its website.

"Trump's behavior is a challenge to the global steel industry and will definitely encounter opposition from more countries," CISA added.

China Nonferrous Metals Industry Association also made similar strong comments, urging Beijing to take action on imports of coal, aluminium scrap, agriculture products and high-end consumer products.

Trade tensions between the world's two largest economies have risen since Trump took office. China accounts for only a small fraction of U.S. steel imports, but its massive industrial expansion has helped create a global glut of steel that has driven down prices.

Pub Time : 2018-03-09 11:51:28 >> News list
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