KONTAN.CO.ID - SHANGHAI. China's steel and metals associations called on Friday for Beijing to retaliate against U.S. tariffs on aluminium and steel imports, as a widely read tabloid said the country will not be bullied by threats of a trade war with the world's top economy. In the most explicit threat yet in an escalating trade spat, two leading industry bodies said producers strongly oppose the duties, and urged the government to take "resolute measures" against U.S. imports ranging from stainless steel to coal and electronics. U.S. President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminium on Thursday, to counter cheap imports, especially from China.
China metal producers urge Beijing to retaliate on U.S. tariffs
KONTAN.CO.ID - SHANGHAI. China's steel and metals associations called on Friday for Beijing to retaliate against U.S. tariffs on aluminium and steel imports, as a widely read tabloid said the country will not be bullied by threats of a trade war with the world's top economy. In the most explicit threat yet in an escalating trade spat, two leading industry bodies said producers strongly oppose the duties, and urged the government to take "resolute measures" against U.S. imports ranging from stainless steel to coal and electronics. U.S. President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminium on Thursday, to counter cheap imports, especially from China.