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China eyes measures against U.S. imports to balance tariffs on steel, aluminium

Reuters
Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China March 14, 2018. REUTERS/Aly Song (Reuters)

SHANGHAI (Reuters) - China's commerce ministry said on Friday that the country was planning measures against up to $3 billion of U.S. imports to balance U.S. tariffs against Chinese steel and aluminium products, amid a brewing trade war between the two countries.

The country has put together a list of 128 U.S. products that could be targeted if the two countries are unable to reach an agreement on trade issues, China's Ministry of Commerce said in a statement on its website.

U.S. President Donald Trump signed a presidential memorandum on Thursday targeting up to $60 billion in Chinese goods with tariffs, but only after a 60-day consultation period that starts once a list is published.

(Reporting by Adam Jourdan and Wang Jing; Editing By Eric Meijer)