China will take measures to safeguard its interests from U.S. tariffs

BEIJING: China can take measures to safeguard its interests if U.S. trade measures hurt Chinese interests, the Ministry of Commerce (MOFCOM) aforesaid in a very statement on Fri. U.S. President Donald Trump proclaimed on Thursday that he would impose a twenty five p.c tariff on foreign steel and a ten p.c tariff on metal to shield U.S.-based producers. “China hopes the U.S. respects the three-way trade system and maintains a traditional commercialism order with the remainder of the globe,” Wang Hejun, head of MOFCOM’s Trade Remedy and Investigation Bureau, aforesaid…

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