US President Donald Trump has threatened to impose sanctions on China while vowing to scrap a free trade deal with South Korea.
His threat of action against the two major Asian trading partners came on Tuesday in a speech to a group of Republican and Democratic lawmakers at the White House.
Trump accused Beijing of undermining US steel and aluminum industries, saying he was “considering all options,” including tariffs and quotas.
This comes after Trump received two Commerce Department reports about alleged Chinese subsidies for steel and aluminum exports, materials that are essential for industries such as construction, autos and the like.
Meanwhile, China, which produces nearly half of the world’s steel, is accused of flooding the market in order to keep its economy robust at home.
“I will make a decision that reflects the best interests of the United States, including the need to address overproduction in China and other…