Trump threatens China, South Korea

US President, Donald Trump has renewed a threat of retaliatory action against two major Asian trading partners, China and South Korea.

Trump made the threat as he hosted congress men for a meeting on trade, where he declared he was mulling sanctions against China and was “considering all options” including tariffs.

He said America’s steel and aluminum industries were being “decimated ” by dumping.

Trump was presented last month with two Commerce Department reports concerning alleged Chinese subsidies for steel and aluminum exports, whose findings had not been made public.

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The administration has another two months to decide on possible retaliatory action.

Also taking aim at Seoul, Trump complained that America’s 2012 free trade deal with South Korea “was a disaster.”