China criticises US trade report but silent on tariff hikes

China criticises US trade report but silent on tariff hikes

China has expressed "grave concern" about a US trade policy report that pledges to pressure Beijing but had no immediate response to President Donald Trump's plan to hike tariffs on steel and aluminium.

The report on Thursday accused China of moving away from market principles and pledged to prevent Beijing from disrupting global trade.

"The Chinese side expresses grave concern," said a Commerce Ministry statement.

The ministry said Beijing has satisfied its trade obligations and appealed to Washington to settle disputes through negotiation.

However, there was no immediate response to Mr Trump's announcement that he will increase duties on steel and aluminium imports. Chinese officials have threatened to take "necessary measures" to defend their country's interests.

Beijing faces mounting complaints from Washington, Europe and other trading partners that it improperly subsidies exports and hampers access to its markets in violation of its free-trade commitments.

"The United States aims to hold countries that break the rules accountable for their actions," said a White House statement on Thursday.

timg]ChinaFlag_large.jpg[/timg]

More in this Section

Millions of people make journey to Iraqi city for pilgrimage of ArbaeenMillions of people make journey to Iraqi city for pilgrimage of Arbaeen

Subway services in Chile’s capital suspended as protest growsSubway services in Chile’s capital suspended as protest grows

Key quotes at-a-glance on Brexit Super SaturdayKey quotes at-a-glance on Brexit Super Saturday

People’s Vote protesters begin march in WestminsterPeople’s Vote protesters begin march in Westminster


Lifestyle

Sunday Lunch costs €45 per person and includes several set courses but with a choice of mains.Restaurant Review: Bastible Restaurant, Dublin

It never ceases to stop me in my tracks when I hear my husband intone to our children one of the oft overused phrases from my stockpile of, “Can you just not?” categories.Lindsay Woods: If my children feel I’m doing it wrong then I must be doing it right

The season of mists and mellow fruitfulness — John Keats had it right about autumn.Eyes on the pies: Eight apple tarts put to the taste test

Simone Rocha invited ieStyle into her London studio for an exclusive look behind the scenes as she put the finishing touches to her acclaimed collection for Fashion Week. Rachel Marie Walsh reportsBeing Simone Rocha: An exclusive look behind the scenes

More From The Irish Examiner