Threats to impose trade restrictions on China

US President Donald Trump has threatened to take retaliatory action against two large Asian business partners. Trump warns of sanctions against China on Tuesday; On the other hand, South Korea pledged to revisit or cancel the free trade agreement. News AFP

Trump said that the United States is destroying China's steel and aluminum industry, he said, "he is considering all means". These include tariffs and quotas.

The United States Department of Commerce has submitted two reports to the Trump, recently, from the construction and the essential components of the manufactured carriage steel and aluminum. Anxiety is expressed in reports by the allegations that China subsidizes aluminum and steel exports.

Trump has two more months to take any vengeance action against China. However, he indicated that he will soon hit Beijing for the ball.

Trump said, I will make a decision that will maintain America's highest interest. These include tackling excess production in China and other countries.

Experts believe that due to any sanctions imposed by the United States, China will be encouraged to impose restrictions on their own. This could lead to a major trade war between the two largest economies of the world.

China produces almost half of the total steel produced in the world. It is alleged that the country is keeping the country's economic power steadily by boosting its products in the market.

For decades, Chinese leaders have been promising to increase employment in the world's largest population. For example, former President Hu Jintao promised twenty five million new jobs every year in a declaration.