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China Iron and Steel Association (CISA) feels that US has been continuously causing troubles for the Chinese steel sector, so China must have the guts to say no to them and find their weak spots. Liu Zhenjiang, secretary-general of CISA, said that the association will resolutely cope with the challenges triggered by the US and fully support countermeasures the Chinese government takes.
He said "The US does not want China to become strong. They first find trouble in the Chinese steel industry, since China's steel production accounts for half of the world's total. US blames others for its unsuccessful steel production.” Liu said that “Losses from Sino-US trade friction couldn't be understated. Chinese steel exports to the US fell 25 percent in the first quarter of 2018 due to the investigations, and China's total steel exports decreased 30 percent year-on-year in 2017. To deal with challenges from the US, we must prepare for a protracted war. Trade friction is just a prelude. Restraining China is the US' ultimate strategy.” Also on Thursday, the Ministry of Commerce (MOFCOM) reiterated China's stance against proposed US tariffs on Chinese goods and urged the US to stop threatening. Gao Feng, spokesperson of MOFCOM, told “China opposes the unilateral and protectionist actions taken by the US and will resolutely defend the interests of China and its people.” The US threatened a 25 percent tariff on a proposed list of goods worth USD 50 billion in April, and it will hold a hearing related to the tariff on May 15. The list involves the aerospace, information and communication technology, robotics and machinery industries, and it targets about 1,300 Chinese products.