China plans tariffs on $3 bln of US goods in response to Section 232

China has announced plans to impose tariffs on approximately $3 billion worth of United States-origin goods, including seamless steel pipes and aluminium scrap.

China said it was considering measures to “balance out the losses caused to Chinese interests” by the US’ imposition of blanket tariffs - 25% on steel imports, 10% on aluminium imports - that US President Donald Trump announced following the country’s Section 232 investigation, according to a statement from China’s Ministry of Commerce on Friday March 23.

The statement included a list of 128 products under seven categories on which China is proposing to impose tariffs....

Published

Echo Ma

March 23, 2018

08:40 GMT

Shanghai