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China warns of retaliation if U.S. imposes steel, aluminum tariffs
UPI ^ | 17 February 2018 | Allen Cone

Posted on 02/18/2018 11:05:18 AM PST by Hamiltonian

China has a message to President Donald Trump if he imposes heavy tariffs on steel and aluminum imports: The Asian nation will retaliate.

On Friday, Commerce Secretary Wilbur Ross recommended that Trump impose trade measures against foreign suppliers of the metals because of national security. Trump plans to make a decision by April on the recommendation, which includes a 53 percent tariff on steel from 12 countries, including China.......

"If the United States' final decision affects China's interests, we will take necessary measures to defend our rights," said Wang Hejun, a senior official at China's Commerce Ministry, according to a report Saturday by state-run news agency Xinhua.....

The Chinese Commerce Ministry urged the United States to "exercise restraint in using trade protection tools, and observe multilateral rules," according to the Xinhua report.......

China's Commerce Ministry said the reports the nation is threatening U.S. national security are "groundless."

(Excerpt) Read more at upi.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: aluminum; dumping; steel
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To: Hamiltonian

Hope Trump tweets “Bring it on bitch”.


41 posted on 02/19/2018 1:13:48 PM PST by Sam Gamgee
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To: rightwingcrazy

We have been so scared of China for so long, America didn’t realize the Chinese have MORE to lose than them.


42 posted on 02/19/2018 1:14:18 PM PST by Sam Gamgee
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