US President Donald Trump threatened retaliatory action against two major Asian trading partners Tuesday (Feb 13), warning of sanctions against China while vowing to revise or scrap a free trade deal with South Korea.

Accusing Beijing of decimating American steel and aluminum industries, Trump said he was “considering all options,” including tariffs and quotas.

Trump recently received two Commerce Department reports concerning alleged Chinese subsidies for steel and aluminum exports – materials that are vital for industries from construction to autos.