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Chinese Steel Industry Vowed To Meet The Challenges Of The United States

Apr 10, 2018

The Chinese steel industry vows to actively respond to the challenges of the United States and strongly supports the government's countermeasures against US imports.


Liu Zhenjiang, secretary-general of the China Iron and Steel Association, said: "We do not want a trade war because it will bring us losses, but we are not afraid of a trade war because it will also cause losses to them. "CISA, secretary general of the China Iron and Steel Association.


The U.S. government decided to impose a 25% tariff on steel imports, a 10% tariff on aluminum, and a tariff on imported products from countries including China.


In order to balance the losses caused by this move, China implemented countermeasures against US products on Monday.


The objective of these measures or the suspension of tariff concessions is 128 U.S. products, including seamless steel pipes and other steel products.


Liu said that since 2015, the United States has taken a series of trade actions against Chinese steel imports and added that the protectionist measures that the Trump administration has upgraded are causing new problems for the world.


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