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China strongly opposes Trump's hefty tariffs on steel, aluminum imports

Press Trust of India  |  Beijing 

today demanded US to revoke his decision to impose steep trade tariffs on and aluminium, saying it "firmly opposed" the move which will seriously undermine international trade order.

Trump today imposed heavy tariffs on and aluminium which he said were necessary to boost the US industry suffering from "unfair" practices, a move that has sparked fears of a global trade war.

Trump signed two proclamations that levied a 25 per cent on and a 10 per cent on aluminium imported from all countries except and

The contentious tariffs, worth billions of dollars, will go into effect in 15 days.

China's said it "firmly opposes" Trump's move which will lead to "a serious attack on normal international trade order".

Last year, China's to the US constituted about 2.9 per cent of the 35.6 million tonnes of the imported annually by

The tariffs were based on national security grounds, but the majority of steel and aluminium was for civilian use, Wang Hejun, a at the ministry said.

Abuse of the clauses on national security would damage the and other multilateral trade system, Wang said.

China, world's second largest economy, will take measures to defend its legitimate rights and interests, he said

urged the US to respect the multilateral trade system and revoke the policy as soon as possible, Wang said.

Trump has exempted and from the tariffs of 25 per cent on steel and 10 per cent on aluminium because of their status as regional allies.

China, which ranks 11 among the largest sources of imports, was also the only country named in a statement on the tariffs, amid a worldwide glut of aluminium that has shuttered US smelters.

Trump also hinted at further punitive measures aimed at to rein in a bilateral trade deficit with China pegged at a record USD 276 billion last year.

A separate statement by the said the move not only damaged the iron and across the world, but damaged the interests of consumers, especially American consumers.

Iron and has been the sector worst-hit by China-US trade frictions.

Before the Trump administration's Section-232 investigation, dozens of anti-dumping and countervailing measures had been imposed on almost all iron and steel products, with some tariffs already almost prohibitively high.

The association called on the government to take firm counter-measures against imports from the US, state-run agency reported.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 17:30 IST