Economics

China Asks U.S. to Offset Trade Loss Due to Metal Tariffs

Separately threatens $3 billion in retaliatory tariffs
The disagreement could evolve into a WTO dispute case

Bloomberg’s Curran reports on China’s decision to ask the U.S. to provide compensation for lost trade due to tariffs.(Source: Bloomberg)

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By Bryce Baschuk

March 26, 2018 at 6:19 PM UTC

Updated on

March 27, 2018 at 9:19 AM UTC

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China asked the U.S. to provide compensation for lost trade due to President Donald Trump’s proposed tariffs on steel and aluminum, in a preliminary step that could lead to a dispute between the two nations at the World Trade Organization.

In two filings with the WTO on Monday, China dismissed the U.S. assertion that the metal tariffs were instituted on national security grounds, arguing instead that they were safeguard measures -- temporary trade restrictions aimed at protecting domestic producers.