China willing to step up communications with EU on steel
[BEIJING] China is willing to strengthen communications and coordination with the European Union to cope with chaos caused by the US aluminium and steel tariffs, the commerce ministry said on Monday.
China will take action to resolutely safeguard Chinese firms' interests, the ministry's Wang Hejun said, after the EU's decision to launch an investigation into imported steel in response to the US tariffs.
Adopting trade protection measures is not the correct choice and will only worsen the chaotic international trade caused by the US action, Mr Wang said.
The ministry said on Friday that China was planning measures against up to US$3 billion of US imports to balance US tariffs against Chinese steel and aluminium products.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?