9,549.89 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.57 USD USD USD
36.25 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
74.60 USD Fossil Oil Fossil Oil
30.71 USD Silver Silver
4.16 USD Copper Copper
100.33 USD Iron Ore Iron Ore
364.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,961.97 TRY Gold (gr) Gold (gr)

China demanded the immediate cancellation of US tariffs on steel and aluminum

The Ministry of Commerce of China demanded the immediate cancellation of US tariffs on steel and aluminum products of this Asian country.

China demanded the immediate cancellation of US tariffs on steel and aluminum

The Ministry of Commerce of China demanded the immediate cancellation of US tariffs on steel and aluminum products of this Asian country.

According to Reuters, China made this request in response to the report of the World Trade Organization's dispute resolution panel.

The panel announced that China has imposed more tariffs on certain imports from the United States, but the Chinese Ministry of Commerce said that the root of this problem lies in the "unilateral and protective behavior of the United States of industries."

The ministry added: China's countermeasures are in accordance with the laws and are a legitimate step to protect the legitimate rights and interests of this country.

In 2018, the former US President Donald Trump's administration imposed a 25% tariff on some steel imports and a 10% tariff on some aluminum imports in accordance with Section 232 of the US Trade Development Act of 1962.

American officials have not implemented these percentages strictly, but have used other methods to reduce aluminum and steel imports.

Last year, the China Iron and Steel Association and the Association of Non-Ferrous Metal Industries of this country asked the United States to correct its mistakes and adopt a positive approach in international trade.

The unions praised the World Trade Organization for calling the US tariffs on Chinese steel and aluminum products illegal.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Linde Gas Polska cooperates with ArcelorMittal Poland

Monday, November 25, 2024

Rising local scrap prices and import patterns in UAE's steel sector

Monday, November 25, 2024

Downward trend in the Turkish steel market: Rebar and billet prices under pressure

Monday, November 25, 2024

SAIL signs deal with Danieli to set up bar mill in Durgapur

Monday, November 25, 2024

BENTELER supplies CliMore® sustainable tubes to the construction industry

Monday, November 25, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now