Established by Fathi Ibrahim Bayoud 2005 - Homs

China accuses Trump of damaging global trade with tariffs

Business | 2018-03-09 10:32:56
China accuses Trump of damaging global trade with tariffs
BEIJING (AP)- China's government says it "firmly opposes" U.S. President Donald Trump's tariff increase for imported steel and aluminum but has given no indication whether Beijing might impose its own measures in response.

A Commerce Ministry statement on Friday accused Trump of damaging the global trading system by taking unilateral action instead of filing a complaint through the World Trade Organization.

A ministry statement said, "The misuse of the 'national security exception' clause by the United States is wanton destruction of the multilateral trade system represented by the WTO and will surely have a serious impact on the normal international trade order. China firmly opposes it."

Beijing has said it was ready to retaliate in the event Chinese companies are hurt but Friday's statement gave no indication of official action.
AP
Keywords:
Comments (0)

Post Your Comments

fill all fields below
*This confirmation code will prevent auto submit
X :Latest News
Arab-led coalition seizes Hudaida airport      Iraqi premier says there is 'no constitutional vacuum'      Detainees held without charges decry Emiratis’ sexual abuses      Trump signs order halting separation of families      Key rebel factions form task command as regime steps up attacks in Daraa      Syrian rebels kill 9 troops in coastal Latakia      Kushner, Saudi crown prince meet on Middle East      Syrian regime steps up attacks in southwest, Jordan concerned