Chinese exports of aluminum foil feel the pinch following U.S. trade action

China has countered the U.S. trade move by saying they are not in synch with existing WTO rules.

On Thursday, Gao Feng, the spokesperson from China Ministry of Commerce, stated that the trade rules created by the European Union against Chinese imports showed a lack of awareness of World Trade Organization (WTO) rules.

The announcement by China comes in the wake of EU drafting news trade rules which protect domestic industry against cheap Chinese imports and are aimed at ending 18 months of wrangling over trade ties with Beijing.

When asked to comment on the U.S. decision to defer anti-dumping tariffs on the import of Chinese aluminum foil and that of China’s non-market economy status, Gao chose to evade the first half of the question saying the phrase non-market economy showed a “Cold War” thinking.

In August, the U.S. Commerce Department had said it had imposed preliminary countervailing duties ranging from 17% to 81% on the import of Chinese aluminum foil. It is set to rule on these anti-dumping tariffs on November 30.

Significantly, on that date, it will also decide whether to declare China as a non-market economy.

In recent months, China’s aluminum exports have dipped partly due to the U.S. measure, as per analysts.

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