(Yicai Global) May 25 -- The US has abused trade remedy measures, says China's ministry of commerce (Mofcom) in its "Research Report on China-US Economic and Trade Relations" released today. Looking at the trade remedy investigations launched by the US against China's iron and steel products, China considers the US had abused trade remedy measures in three aspects, it said.
Mofcom cited a high number of investigations launched against China's staple iron and steel exports to the US, involving a large amount of capital. It also referred to abnormally high tariffs imposed on Chinese products. Finally, it reminded that China's iron and steel exports to the US have gradually declined every year since 2014, but more remedy measures have been taken by the US side.
China has been subjected to the most US trade remedy measures. From 1980 to 2016, the US had launched a total of 262 trade remedy investigations against Chinese products, amounting to US$28.22 billion, said the report published on Mofcom's official website today.
According to the US International Trade Commission, as of the end of March 2017, there had been a total of 153 duty orders under implementation involving Chinese products.
The Mofcom report also showed China's concerns about other aspects of bilateral trade relations. According to the report, the US has been implementing strict control on high-tech exports to China for long time, which prohibits exports of a great range of competitive US high-tech products to China.
Chinese enterprises also meet difficulties in investing and trading in the US. According to the Mofcom report, since the Committee on Foreign Investment in the United States (CFIUS) was established in 1975, the US presidents has blocked only three cases of mergers and acquisitions, all of them by Chinese investors.