China accuses Trump of damaging global trade after hiking steel, aluminum tariffs

China accuses Trump of damaging global trade after hiking steel, aluminum tariffs

China accuses Trump of damaging global trade after hiking steel, aluminum tariffs

"Some people in the United States believe that China therefore wants to replace the role of the USA in the global arena".

China warned the United States on Thursday that everyone would be harmed if President Donald Trump launches a trade war, as official figures showed the Asian power maintained a robust trade surplus with the U.S.

India's steel ministry said in a note to the trade ministry last month that USA import tariffs were expected to lead to a loss of US$130 million in exports which were expected to total 333,656 tonnes for the year ending on March 31.

USA imports from China of steel and aluminium make up a small proportion of its total imports from the world's second largest economy.

"This proves that China's proposal of suspension for suspension was the right prescription for the problem and created basic conditions for the improvement of inter-Korean relations", Wang said. "In the event of a trade war, China will make a justified and necessary response".

China's resolve to protect peace and stability in the South China Sea is unshakeable, Foreign Minister Wang Yi said on Thursday (March 8).

Trump appeared to have bungled in the tweet, as he does all too often. On Wednesday, Trump hinted that his restrictions on trade could run even deeper, citing China's alleged theft of intellectual property. "We can not allow this to happen as it has for many years!" Our relationship with China has been a very good one, and we look forward to seeing what ideas y come back with. We must act soon!

Bambawale met with Wu Hailong, President of Chinese People's Institute of Foreign Affairs (CPIFA), in Beijing, the Indian Embassy here tweeted.

When Liu He, a senior Chinese official involved in shaping Beijing's economic policies, visited Washington last week to discuss bilateral trade with U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn. In Beijing, officials continue to search for a way out.

He pointed out that as a permanent member of the UN Security Council, China takes seriously of its responsibility for maintaining worldwide security.

A senior South Korean official said the tariffs would impact the renegotiation of the bilateral free trade deal with the United States that is now underway.

The surplus with the USA stood at $21 billion in February, China's official data showed, more than double the $10.4 billion surplus registered in February of past year.

February's surplus did edge downwards from the $21.9 billion recorded in January and $25.6 billion from December.

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