China criticized a US plan to impose new restrictions on its steel and aluminum productssaying that he will take measures to protect the country's interests.
The United States is “arbitrarily imposing tariffs on Chinese products,” politicizing economic issues and undermining the security of the global supply chain, the Ministry of Commerce said in a statement Thursday. China urges US to stop raising tariffs and pledges to take all necessary measures to defend its rightssaid.
The new tariffs being pushed by US President Joe Biden, aimed at propping up the US steel sector and courting its workers, would impose 25% levies on certain Chinese steel and aluminum products. They would be applied as part of an ongoing review, as the United States also launches a formal investigation into the China shipbuilding industry.
Analysts said the measures would have minimal economic impact. Chinese steel and aluminum imports amounted to approximately 1.7 billion dollars in 2023, a small portion of the overall market. Still, U.S. officials said the announcements were designed to prevent an expected surge and safeguard the U.S. market.
Previously, Beijing criticized a Biden administration plan to launch a formal review of your maritime sectorlogistics and shipbuilding, calling the investigation an error “based on the necessity of internal politics.”
