(Metal tariffs) China lambasts wanton destruction of multilateral trade system'

Business | 9 Mar 2018 11:07 am

China 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 today 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 today’s statement gave no indication of official action.-AP

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