China Steel Association: Resolutely Opposes US Impose 25% Import Tax on Imported Steel Products

According to news from the China Iron and Steel Association on the 9th, U.S. President Trump announced that all imported steel and aluminum products will be fully taxed. The tax rate for steel products is as high as 25%, and the China Iron and Steel Association firmly opposes it.

China Steel Association said that this is the United States to protect the domestic steel industry as a reason to promote trade protectionism, undermine the WTO rules and disrupt the international trade order. This kind of behavior is harmful to the global steel industry, and it also seriously damages the interests of steel product consumers, especially American consumers, and is a detrimental act.

In recent years, the iron and steel trade has become a hard-hit area for Sino-U.S. trade friction. Before the United States investigated steel 232, dozens of anti-dumping and anti-subsidy measures have been taken against dozens of products, covering almost all major steel products, and the tax rate is almost prohibitive. Trump’s behavior is a challenge to the global steel industry and will surely face greater opposition.

The China Iron and Steel Association calls on the Chinese government to take resolute responses to stainless steel, galvanized sheet, and seamless pipes imported from the United States, as well as coal, agricultural products, and consumer electronics.

China Iron and Steel Industry Association called on the whole industry to act and resolutely respond to the challenges of the United States. We will unwaveringly realize that the Chinese steel industry is both big and strong in structural adjustment, transformation and upgrading.

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Post time: Mar-12-2018
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