China 02 March 2018 criticised US President Donald Trump’s announcement to impose tariffs on imports steel and aluminium saying that such unilateral measures will harm the world trade. If countries around the world follow US measures it will harm the world trade, Chinese Foreign Ministry spokesperson Hua Chunying told media briefing.
China urges the US to abide by the multilateral trade rules and make contribution to the international trade and economy. Trump said on 01 March 2018 that his administration will impose tariffs on steel and aluminium imports early as next week. The announcement created furore around the world. The US will impose a 25 per cent tariff on steel imports and 10 per cent tariff on aluminium to shore up the struggling industries in America.
The new US tariffs were expected to further affect China’s steel sector specially as it suffered from over capacity. Addressing a press conference ahead of the annual meeting of the CPPCC to begin here on March 4, Wang said, a big country like should honour its words instead of renege on its promise and resorting to unilateral sanctions.
China opposes protectionism and increased IPR protection has created a level playing field, he said referring to criticism that China has not opened much of its economy for foreign investments and trade. What is worrisome to many WTO members is the unilateral actions from US. As important members of WTO, China and US should uphold its rules and together improve the rules based fair and open multilateral system centred around WTO.