Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
Last updated 5 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
China says US tariffs ‘a serious attack’ on global trade system
March 09, 2018
 Print    Send to Friend

BEIJING: China on Friday denounced US tariffs on aluminium and steel imports, saying that they would profoundly harm the international trade environment.

The US’s “abuse” of national security concerns as a reason for implementing the measures will lead to “a serious attack on normal international trade order,” the Ministry of Commerce said in a statement on its web site, adding that “China is firmly opposed.”

US President Donald Trump officially implemented the measures on Thursday, leaning on a little-used and decades-old national security clause in US trade law. 

Trump said the tariffs — which will come into effect after 15 days — will not initially apply to Canada and Mexico, and that close partners on security and trade could negotiate exemptions.

The tariffs, worth billions of dollars, sparked immediate protests from top trading partners the European Union and Brazil, with retaliatory action expected from China and other economic powers.

The US buys only 2.7 per cent of its steel from the world’s second largest economy, not even cracking the top ten list of foreign suppliers. 

Canada, America’s neighbour to the north, was its single-largest source of steel last year, followed by Brazil, South Korea, Russia, Mexico, Japan and Germany.

Canada was also by far the largest supplier of alumina and aluminium, followed by China, Russia and the United Arab Emirates.

Agence France-Presse

Add this page to your favorite Social Bookmarking websites
Post a comment
Other Latest News
Spain rugby team chase referee off pitch
MADRID: The Spanish Rugby Federation [FER] will make an official complaint to World Rugby over the performance of Romanian referee Vlad Iordachescu, with Sunday’s Rugby E..
One in three parents do not think primary school homework is helpful
LONDON: More than a third of parents do not think homework in primary school is helpful to their children, a report suggests. Homework is a “huge cause of stress” for ..
Philippine children tell of 'unspeakable horrors' during Daesh siege
MANILA: It was late at night when armed men banged at 10-year-old Aisah’s home and told her family the bombing would soon begin. Her terrified parents rounded up their..
Dubai ranked best city for expats in MENA
DUBAI: Dubai ranked best city for expats in Middle East and Africa, according to Mercer’s 20th Quality of Living survey. The authoritative survey, one of the world’s m..
Teachers work longer hours than police officers and nurses: Study
LONDON: Teachers work longer hours - and have seen a sharper drop in pay - than police officers and nurses, a new study suggests. And teachers are the least satisfie..
Advertise | Copyright