Trump tariffs on steel, aluminum imports go into effect

Mao Ning (diplomat)foreign ministry spokeswoman

The United States' actions seriously violate (World Trade Organization) rules, seriously damage the rules-based multilateral trading system and are not conducive to solving the problem,

said Mao

Mao Ning (diplomat)foreign ministry spokeswoman

China has always believed that protectionism offers no way out and that there are no winners in trade wars and tariff wars,

foreign ministry spokeswoman Mao Ning said, when asked about the tariffs at a daily news conference

China will also take all necessary measures to safeguard its legitimate rights and interests,

she added

As the US are applying tariffs worth 28 billion dollars, we are responding with countermeasures worth

she said

We have the means to go further, if we want,

Haddad told TF1 TV

Where we stand now is with a heightened concern about the U.S. economy, not having yet taken our model forecast down, but having put in a roughly 40% recession risk into the outlook for the year,

J.P. Morgan chief global economist Bruce Kasman told reporters in Singapore

The European Union must act to protect consumers and business. The counter-measures we take today are strong but proportionate."

However, she added

For example, if it came to a situation where we had to go further, digital services or intellectual property could be included,

he added

We deeply regret this measure [by the U.S.]. Tariffs are taxes, they are bad for business and worse for consumers, they are disrupting supply chains, they bring uncertainty for the economy, jobs are at stake, prices are up and nobody needs that, neither side needs that,

she said during a press conference

We will always remain open to negotiation,

she added in a statement

By closing loopholes in the tariff that have been exploited for years, President Trump will again supercharge a steel industry that stands ready to rebuild America,

Philip Bell, the president of Steel Manufacturers Association, said

The revised tariff will ensure that steelmakers in America can continue to create new high-paying jobs and make greater investments knowing that they will not be undercut by unfair trade practices,

he added