The Chinese Ministry of Commerce warned in a statement that it will take action against the new tariffs announced on Thursday -- 25 per cent for steel imports and 10 per cent for aluminium -- and will affect all countries that sell them to the US with initial exemptions for Canada and Mexico, reports Efe news.
"China urges the US to respect the authority of multilateral trade system and withdraw the measures as soon as possible," said Wang Hejun, Director-General of the Trade Remedy and Investigation Bureau.
Wang said that Trump's argument was unjustified and goes against the trade order of the World Trade Organization (WTO) and reiterated China's firm opposition to these measures that will have a serious impact on the international level.
"With the excuse of protecting domestic steel industry, the US pursues trade protectionism," CISA said in a statement cited by Chinese media and it urged Chinese authorities to counter Trump's measure with tariffs on US imports.
Protectionism has been one of Trump's campaign promises and the imposition of these new tariffs may open a possible trade war with other countries and organisations.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)