Search

China files trade complaint against US over steel tariffs

China has filed a World Trade Organization complaint challenging U.S. President Donald Trump's tariff hike on imported steel and aluminum, the trade body said Tuesday.


The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping's government. Trump also has threatened to increase duties on $50 billion of Chinese goods in a separate conflict over technology policy.


China has requested 60 days of consultations with the United States on the steel and aluminum dispute, according to the WTO. If that fails, the next step could be for Beijing to request a ruling from a panel of trade experts.


Beijing says Trump's decision to impose additional duties of 25 percent on steel and 10 percent aluminum violate international trade rules.


Steel and aluminum are among Chinese industries in which supply exceeds demand. China's trading partners complain its mills are exporting their surplus at improperly low prices, threatening jobs in the United States and Europe.


The United States buys little Chinese steel and aluminum following earlier tariff hikes meant to offset what Washington says are improper subsidies to producers. But economists said Beijing responded in order to show it would defend itself.


China's government issued a $3 billion list of U.S. goods including pork, apples and steel pipes on March 23 that it said might be targeted for retaliation if Trump fails to negotiate a settlement to the dispute over steel and aluminum charges.


Sources : CNBC

Recent Posts

See All

European steel prices recover but demand wanes

The announcement of the new quota-based steel trade deal between the EU and the United States, although short of detail, boosted the mills’ confidence. Purchasing activity, however, remains weak. A nu

worldsteel Short Range Outlook October 2021

The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand will grow by 4.5% in 2021 and reach 1,855.4