In a bold stance, China has blasted Canada's recent move to impose additional tariffs on steel imports containing Chinese steel, effective from August 1. The measure, introduced as a response to U.S. steel tariffs and global overcapacity issues, has been labeled as both unilateral and protectionist. ⚖️
A spokesperson for China's Ministry of Commerce described the tariffs as unreasonable, illegal, and damaging to the established international trade order. Imagine a group project where one member tries to shift blame instead of collaborating – that’s the kind of disruption these measures could bring. 🤔
The spokesperson also noted that the challenges facing Canada's domestic steel industry are largely due to U.S. tariff policies. Shifting the impact onto partners like China not only undermines fair trade but risks destabilizing economic cooperation between the two nations. In our fast-paced global market, where tech startups and creative industries thrive, maintaining a balanced and open trade system is more crucial than ever.
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China denounces Canada's tariffs on products containing Chinese steel
cgtn.com
