The Strategist

China threatens USA with actions in response to steel and aluminum tariffs hike

04/19/2024 - 03:13

The Chinese Ministry of Commerce released a statement saying that China will take action in reaction to the United States imposing higher tariffs on Chinese steel and aluminum.
China's Ministry of Commerce said in a statement that it "will take all necessary measures to protect its own rights and interests" in reaction to the hike in U.S. import tariffs on Chinese steel and aluminum. 

The United States side, according to the ministry, "ignores the international economic and trade order and rules, politicizes economic and trade issues." The statement also reads that other nations are under pressure from the US to slap tariffs on Chinese imports, "which will undermine the security and stability of the global manufacturing supply chain."

The day before, on April 17, U.S. President Joe Biden issued a statement on the White House website urging the investigation of tripling the tariffs on Chinese imports of aluminum and steel. Biden noted that Mexico serves as a gateway for the entry of Chinese steel and aluminum into the US, thus helping importers avoid costly tariffs. He added that the United States and Mexico would collaborate to find a solution to this issue. 

Furthermore, Biden mentioned that the U.S. Trade Representative is looking into the steel and aluminum trading practices of the Chinese government.