China has condemned the latest tariff hikes on steel and aluminum products imposed by U.S. President Donald Trump and warned of impact on global supply chains. Trump doubled tariffs on steel and aluminum products from 25% to 50% and the new tax that affect materials used in car manufacturing, took effect Wednesday. In Beijing, spokesperson He Yongqian of the Commerce Ministry criticized the move. She said China urged the U.S. to “respect economic laws, abandon zero-sum thinking” and work with other countries to safeguard a rules-based multilateral trading system. Watch for more
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