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ECONOMY > Trade

U.S. Department of Commerce proposes import curbs on steel, aluminum

  • February 18, 2018
  • , All national papers
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All weekend papers reported that the Commerce Department has recommended that President Trump impose steep curbs on steel and aluminum imports from China and other nations. Sunday’s Nikkei wrote that the Trump administration began examining the proposal on Friday on the grounds that the increase in steel and aluminum imports is becoming a security threat. The paper said President Trump will decide by April whether to adopt the recommendations, adding that although the main target is China, Japan would also be subject to the import curbs. The daily wrote that if the U.S. restricts imports for security reasons, it would give other nations a reason to take countermeasures, adding that it could develop into a trade war.

 

In a related story, Tuesday’s Yomiuri and Mainichi took up a comment released on Monday by Japan Steel and Iron Federation Chairman Shindo, who voiced opposition to the proposed U.S. penalties on steel imports from Japan. “Steel products from Japan are indispensable to the U.S. economy,” he said. “They do not constitute a threat to U.S. national security. We hope President Trump will make a correct and careful decision.”

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