Home Politics China promises ’justified and necessary response’ to Trump tariffs

China promises ’justified and necessary response’ to Trump tariffs

2 min read
0
0
0

China promises ’justified and necessary response’ to Trump tariffs

China vowed to make a “justified and necessary response” to tariffs President Trump is expected to impose this week on steel and aluminum imports. 

Chinese Foreign Minister Wang Yi warned that the effects of the expected U.S. tariffs “will only be harmful,” and that igniting a trade war would be a mistake, according to Reuters.

“Especially given today’s globalization, choosing a trade war is a mistaken prescription. The outcome will only be harmful,” he said. “China would have to make a justified and necessary response.”

Trump announced last week that he would soon impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports, a move the White House says is designed to protect U.S. national security. 

Trump is acting on recommendations put forth earlier this year in a Commerce Department report that declared steel and aluminum imports from China and other countries to be national security threats.

The anticipated tariffs have drawn criticism from foreign governments, including in Europe and Canada, which have vowed retaliatory measures if the duties are implemented. 

The expected tariffs and foreign threats of retaliation have raised fears of a trade war. 

Chinese steel accounts for only a small part of U.S. steel imports, but China’s massive production of the metal has driven down prices globally. 

Load More Related Articles
Load More By Tyler Anderson
Load More In Politics

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

BMW raising prices in China on SUVs made in US

BMW said Sunday it will increase the prices in China on two of its U.S.-made SUVs to offse…