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China opposes USA tariffs on steel, aluminum imports

China opposes USA tariffs on steel, aluminum imports

The United States President Donald Trump on Friday threatened that the United States will levy reciprocal tax on countries such as India and China if they don't match America's tariff.

"If China and India are united, one plus one is not equal to two but eleven", Wang said, adding, "despite some tests and difficulties, the China-India relationship continues to grow".

Trump doesn't hesitate naming India while talking about the reciprocal tax.

Chinese Foreign Minister Wang Yi said Thursday that a trade war with the U.S.

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. The US president mentioned China several times as he signed two proclamations to impose import duties on steel and aluminium.

"This move will harm the global steel industry, and seriously hurt consumers' interests", said the statement.

More news: Australian steel gets USA tariff exemption

The group also includes Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India and Pakistan, and China has sought to use it to ensure security along its Central Asian border, for example, by holding joint anti-terrorism exercises.

Canada and Mexico are initially exempt from the tariffs amid ongoing talks to revise the 1994 North American Free Trade Agreement (NAFTA). Previously, President Donald Trump while speaking about import duty on Harley-Davidson motorcycles had said that India charges 50% import duty while the United States charges 0% tax on motorcycles imported from India.

No fewer than 100 Republicans in Congress signed a letter Wednesday to Trump opposing a broad action against steel and aluminium imports, saying that tariffs are "taxes that make US businesses less competitive and consumers poorer". "We can not allow this to happen as it has for many years!" the president also tweeted on Wednesday.

On the Korean Peninsula, Wang claimed success for China's proposal for a "dual suspension" of North Korean nuclear activities in return for a halt in South Korea-U.S. war games. It said it would evaluate the impact of the tariffs on China and "take effective measures to protect China's rights". I don't know that anything is going to come of it. Trump said the USA is going to stop the trans-shipping.

The two metals are "the backbone of our nation. the bedrock of our defence-industrial base", the president said at Thursday's signing ceremony.

"I don't think any country would want to make irresponsible comments about such matters", He said in a rare meeting with Chinese and foreign journalists on the sidelines of the annual session of China's ceremonial legislature, of which he is a member. For years, USA businesses have complained about Chinese misappropriation of trade secrets and copyrighted works, as well as flagrant violations of patent and trademark rights.


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