9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 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

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

Kardemir's 'Power Plant' has been commissioned

Sunday, December 22, 2024

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

European car sales decreased by 2% in november

Sunday, December 22, 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