Trade Cases
China Calls U.S. Protectionist and Threatens WTO Suit
Written by Sandy Williams
June 28, 2016
China is threatening to file a suit at the World Trade Organization against the U.S. following the latest duty assessments against imports of cold-rolled and corrosion resistant steel products from China.
The Commerce Ministry said it is deeply concerned about the protectionist policies of the U.S. steel industry and fears the large anti-dumping and anti-subsidy duties would force Chinese companies to pull these type of steel products out of the U.S. market.
“China’s steel industry export interests will suffer a serious impact and the Chinese steel industry is strongly opposed to this,” the Ministry said in a statement posted to its website.
“With regard to the United States’ mistaken methods that violate WTO rules, China is and will continue to take all measures, including filing suit at the WTO, to strive for fair treatment for enterprises and safeguard their export interests,” it said.
The Ministry of Commerce said in its statement on Tuesday, the United States should be more prudent in using trade remedy measures in the steel sector, as it hurts the interests of companies in both the United States and other countries.
In the long haul, the U.S. protectionist measures will also make its own steel industry less competitive, and thus may hurt its economy, the statement warned.
In a website statement the Ministry of Commerce said, “The difficulties challenging the global steel industry result from the weak demands because of the international financial crisis. This is a common consensus reached by many countries in the world. Fiercer and fiercer trade protectionism can only aggravate frictions and conflicts, but help little to solve the problem.”
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Steel groups voice different takes on US-EU trade deal
US and European steel trade groups were at odds over their reaction to the recent trade deal President Trump brokered with the EU.
Here’s what’s up next in the big coated steel trade case
Attorneys representing domestic petitioners and foreign respondent companies have been busy filing case briefings and making rebuttals as the corrosion-resistant steel unfair trade investigations begin to wind down.
Price: Which countries get a ‘zonk’ in Trump’s primetime ‘Let’s Make a (Trade) Deal’ show?
As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”
Trump says Canada deal might not happen: Report
President Trump said a negotiated deal with Canada might not occur, and all existing tariffs, along with those set to take effect soon, will stay in place, according to media reports.
Steel trade groups applaud Trump’s S232 tariffs
Five trade organizations involved with North American steel have praised President Trump’s Section 232 tariffs on steel for helping the domestic industry.