BEIJING The Chinese industry body which recommended targeting scrap aluminium in
retaliatory trade action against the United States is already exploring what other measures could be taken, an official said on Monday.
Mr. Trump's announcement came despite months of heavy pushback from American companies that use metals in their products, like automakers and food packagers, and foreign officials, who warned that tariffs would strain relations and could prompt
retaliatory trade actions.
«But a strong majority of participants viewed the prospect of
retaliatory trade actions by other countries» as a downside risk.
Hello Professor, I am hearing a lot about the potential for
retaliatory trade actions by the U.S. as a result of its Section 301 investigation into Chinese trade practices, i.e., forced transfers of IP and know - how, refusal to allow U.S. companies to invest in and own Chinese assets, etc..
«But a strong majority of participants viewed the prospect of
retaliatory trade actions by other countries» as a downside risk.
Not exact matches
The prospect of tariffs has created deep concerns in Canada, the No. 1 supplier of both steel and aluminum to the U.S. Ottawa has hinted at
retaliatory action, as have the European Union and Mexico, in what could become an all - out
trade war.
This is just the second move in what analysts fear could be a series of
retaliatory actions leading to a slowing of international
trade, which could have a serious drag on the US economy.
Canada has hinted at
retaliatory action, as have the European Union and Mexico in what could morph into a global
trade war.
«If the U.S. does take protectionist measures, then other countries are likely to take justifiable
retaliatory actions against U.S. companies that have an advantage... in fields such as finance and high - tech, leading to a tit - for - tat
trade war that benefits no one,» it said.
Investors are worried that recent tariffs implemented by Trump on steel and aluminum imports could result in
retaliatory actions from U.S.
trading partners, including China and the European Union.
Trade wars are a particularly unnerving prospect for many exporters in other countries, since
retaliatory actions can spiral out of control.
Experts worry that the United States»
actions could ignite a
trade war, noting that Chinese economic officials have a keen understanding of the American system and are good at designing targeted
retaliatory measures against American agricultural products and other exports.
«There obviously has been some concern expressed, and it's consistent with that which has been widely reported across the country in regards to supply - chain disruption,
retaliatory action by
trading partners, the lack of ability to secure supply chains that allow them to operate,» he said.