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INTERNATIONAL > U.S.

U.S. waives extra tariffs on 70% of Japanese steel and aluminum exports

  • August 12, 2020
  • , Nikkei
  • JMH Summary

Nikkei wrote that although the United States imposed new import duties in March 2018 with additional tariffs of 25% on steel and 10% on aluminum from Japan and there were concerns in Japan that the new duties would have a major impact on Japanese exporters, the Ministry of Economy, Trade, and Industry’s analysis found that Washington waived the additional tariffs on 78% of Japanese steel and aluminum imports in May and on 64% of such imports in June. The paper wrote that the tariffs were waived because U.S. manufacturers purchased high-performance steel and aluminum from Japan for auto production as they were unable to procure sufficient quantities of such materials at home. As a result, the Trump administration’s efforts to protect U.S. steel and aluminum producers have not been as effective as expected.

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