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Metal Industry Has Meltdown Over U.S. Tariffs

Steel is loaded onto a truck in a port in Lianyungang, Jiangsu province, in March 2017. The China Nonferrous Metals Industry Association said new U.S. tariffs on steel and aluminum will undermine the international trade order, leading to retaliation by its trading partners, including China. Photo: VCG
Steel is loaded onto a truck in a port in Lianyungang, Jiangsu province, in March 2017. The China Nonferrous Metals Industry Association said new U.S. tariffs on steel and aluminum will undermine the international trade order, leading to retaliation by its trading partners, including China. Photo: VCG

Several Chinese metal industry associations have lashed out against U.S. President Donald Trump’s plan to impose tariffs on two metals that the U.S. imports in large quantities from other countries, including China.

The China Iron and Steel Industry Association called the tariffs a “stupid trade protection measure” that will make the U.S. industry more vulnerable and less competitive, the official Securities Times reported. The China Nonferrous Metals Industry Association said U.S. tariffs will undermine the international trade order, leading to retaliation by its trading partners, including China.

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