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U.S. agrees to exempt some Japanese steel products from high tariffs

  • June 21, 2018
  • , NTV
  • JMH Summary

NHK and NTV reported at noon that the U.S. Department of Commerce announced on Wednesday that it has approved a request by seven U.S. firms to exempt 42 steel products imported from Japan and other nations from the list of steel imports to be subject to high tariffs. NHK said, however, that since there are over 20,000 similar requests, processing them is likely to take time. According to the network, the GOJ is trying to confirm the extent to which the impact on trade will be reduced by the latest measure and is planning to continue to call on the U.S. to exempt more Japanese steel products. Chief Cabinet Secretary Suga reportedly told the press this morning: “We are aware that Japanese companies are included in the list of products to be exempted from high tariffs. Imports of steel and aluminum products from Japan do not have any adverse impact on U.S. security, and high-quality Japanese products are contributing greatly to U.S. industry and employment. We will continue to strongly call on the U.S. to exempt Japanese products from additional tariff measures.”

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