Business Standard

Thursday, January 09, 2025 | 11:27 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

China says it reserves the right to hit back if US imposes tariffs on steel

American steel companies and steelworker unions have been pushing Trump to follow through on his promise to protect the industry

Donald Trump
Premium

US President Donald Trump smiles during an interview with Reuters at the White House in Washington, US | Photo: Reuters

Bloomberg
China said proposed US tariffs on imported steel and aluminum products are groundless and that it reserves the right to retaliate if they are imposed.

The US recommendations, unveiled by the Commerce Department on Friday, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of Commerce, said in a statement posted on its website.
 
Commerce Secretary Wilbur Ross said the US may impose quotas on imports of aluminum and steel, including a tariff of at least 24 percent on steel imports from all countries. While it’s the strongest indication yet that

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in