China Warns U.S. on Steel Dispute

(The Wall Street Journal)

China lashed out at the U.S. over a final decision to slap duties on imports of Chinese steel gratings, warning that the rising number of U.S.-initiated trade disputes against Beijing hurts economic ties between the two powers.

“The Chinese government and industry cannot accept this,” the Ministry of Commerce said in a statement issued on its website late Wednesday, referring to what it said was an incorrect investigation conducted by the U.S.

It urged the U.S. to practice restraint in resorting to such trade remedies and called on it to oppose protectionism.

The response came after the U.S. Commerce Department announced a final decision Tuesday to impose duties against some steel grating imports from China, setting countervailing duties at 62.46% and antidumping duties ranging between 136.76% and 145.18%. Read more here.