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China eyes measures against US imports to balance tariffs on steel, aluminium

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China's commerce ministry said on Friday that the country was planning measures against up to US$3 billion of US imports to balance US tariffs against Chinese steel and aluminium products, amid a brewing trade war between the two countries.

[SHANGHAI] China's commerce ministry said on Friday that the country was planning measures against up to US$3 billion of US imports to balance US tariffs against Chinese steel and aluminium products, amid a brewing trade war between the two countries.

The country has put together a list of 128 US products that could be targeted if the two countries are unable to reach an agreement on trade issues, China's Ministry of Commerce said in a statement on its website.

US President Donald Trump signed a presidential memorandum on Thursday targeting up to US$60 billion in Chinese goods with tariffs, but only after a 30-day consultation period that starts once a list is published.

REUTERS

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