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May 27, 2016

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Home » Business » Finance

Anger over latest US trade tariffs

CHINA’S Ministry of Commerce yesterday slammed a new final ruling from the United States against Chinese steel.

The US Commerce Department on Wednesday announced anti-dumping duties of 209.97 percent and anti-subsidy duties of 39.05 percent on corrosion-resistant steel from China.

“The United States has deliberately suppressed Chinese bulk steel commodities, including cold-rolled flat steel and corrosion-resistant steel,” and “this not only harms Chinese steel firms, but also impedes trade and cooperation between the two countries,” the ministry said in a statement.

“China will take all necessary measures to gain fair treatment and safeguard the interests of enterprises,” it said.




 

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