China Warns It May Retaliate If U.S. Imposes Metal Tariffs
- Proposed U.S. measures are groundless, Commerce Ministry says
- S.Korea to plead case with U.S., Japan looking at situation
Pissarides Says U.S. Metal Import Tariffs a `Crazy Idea'
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China said proposed U.S. tariffs on imported steel and aluminum products are groundless and that it reserves the right to retaliate if they are imposed.
The U.S. recommendations, unveiled by the Commerce Department on Friday, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of Commerce, said in a statement posted on its website.