China Set to Act to Safeguard Its Interests From U.S. Tariffs

Photo by Gage Skidmore/Flickr

In a statement on Friday, the Ministry of Commerce (MOFCOM) stated that China would take measures in order to safeguard its interests if the trade measures of the United States affect Chinese interests.

On Thursday, Donald Trump, the President of the United States of America, announced that he would impose a tariff of 25 percent on imported steel and a tariff of 10 percent on aluminium to protect the producers that are based in the United States.

In the statement, the head of the Trade Remedy and Investigation Bureau of MOFCOM, Wang Hejun, stated: “China hopes the U.S. respects the multilateral trade system and maintains a normal trading order with the rest of the world.”

“Most of the steel and aluminium products that the U.S. imports are middle- or low-end products and that has not damaged the national security of the country,” stated Wang.