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CHINA PRESS: China Urges U.S. To Stop Copper Investigations

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China has called on the U.S. to withdraw its investigation into imported copper given Beijing net imports the metal and exports only a small amount, according to He Yadong, spokesperson of the Ministry of Commerce. Allegations that Beijing uses subsidies and excess capacity to undermine competition are completely groundless, He said. In the long term, U.S. tariffs on copper imports may prompt major suppliers such as Chile, Canada and Mexico to shift business to China and Europe, said Xu Jigang, a global senior partner at Roland Berger.

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China has called on the U.S. to withdraw its investigation into imported copper given Beijing net imports the metal and exports only a small amount, according to He Yadong, spokesperson of the Ministry of Commerce. Allegations that Beijing uses subsidies and excess capacity to undermine competition are completely groundless, He said. In the long term, U.S. tariffs on copper imports may prompt major suppliers such as Chile, Canada and Mexico to shift business to China and Europe, said Xu Jigang, a global senior partner at Roland Berger.