Sputnik reported that China has opposed the introduction of unilateral tariffs that do not benefit anyone, including possible plans of the United States and the European Union to impose new duties on Chinese steel and aluminum. Chinese Foreign Ministry spokeswoman Ms Mao Ning said “China has always opposed violations of the WTO rules and unilateral imposition of illegal tariffs that do not benefit anyone. China will take all necessary measures to protect its legitimate rights and interests.” Bloomberg, citing people familiar with the matter, reported that the US and European Union are weighing new tariffs on Chinese steel and aluminium as part of a bid to fight carbon emissions and global overcapacity. The report quoted sources as saying that “The idea, generated within US President Joe Biden’s administration, is still in an initial phase and has not been formally proposed. The new framework, which builds on a related US-EU agreement last year, is mainly aimed at China, the world’s biggest carbon emitter and producer of steel and aluminium, as well as other large polluting nations.” They added “An agreement with the EU, including specifics on how to identify thresholds for applying tariffs, is not likely until late next year at the earliest, even that timeline was optimistic.”
Sputnik reported that China has opposed the introduction of unilateral tariffs that do not benefit anyone, including possible plans of the United States and the European Union to impose new duties on Chinese steel and aluminum. Chinese Foreign Ministry spokeswoman Ms Mao Ning said “China has always opposed violations of the WTO rules and unilateral imposition of illegal tariffs that do not benefit anyone. China will take all necessary measures to protect its legitimate rights and interests.” Bloomberg, citing people familiar with the matter, reported that the US and European Union are weighing new tariffs on Chinese steel and aluminium as part of a bid to fight carbon emissions and global overcapacity. The report quoted sources as saying that “The idea, generated within US President Joe Biden’s administration, is still in an initial phase and has not been formally proposed. The new framework, which builds on a related US-EU agreement last year, is mainly aimed at China, the world’s biggest carbon emitter and producer of steel and aluminium, as well as other large polluting nations.” They added “An agreement with the EU, including specifics on how to identify thresholds for applying tariffs, is not likely until late next year at the earliest, even that timeline was optimistic.”
