Trump rejects Chinese offer to cut steel overcapacity
US President Donald Trump has rejected the Chinese government's proposal to cut steel overcapacity by 150 million tonnes by 2022, according to sources familiar with the matter. Despite several senior advisers' support of the deal, Trump instead urged advisers to find ways to impose tariffs on imports from China, the sources added. Last week, American steel industry executives urged Trump to impose immediate import restrictions.

US President reported to have dismissed offer of 150 million-tonne reduction despite support from some of his senior advisers