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

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.

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