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US to partially lift extra duties on Japanese steel NHK

NHK has learned that the US government has told Japan that it will partially remove additional tariffs on steel imports from Japan, but keep them in place for aluminum.

The administration of former US president Donald Trump imposed the measures in 2018. It set extra levies of 25 percent on steel and 10 percent on aluminum.

At the time, the White House cited a security threat, with imports from China in mind.

Sources say the United States is considering the introduction of a tariff-rate quota system that would remove additional duties on certain volumes of steel imports from Japan.

Japan plans to continue urging Washington to eliminate the extra tariffs on both steel and aluminum.

The US decided from January not to apply the additional duties on certain amounts of steel and aluminum from the European Union.
Summary
The U.S. is planning to partially lift additional tariffs on Japanese steel imports, while maintaining them for aluminum, following discussions with Japan. The tariffs were initially imposed by the Trump administration in 2018 at 25% for steel and 10% for aluminum, citing security threats,
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ID: 61fdc8e5-ddb4-4a8f-9b6c-440435ed5dbd

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20220205_05/

Date: Feb. 5, 2022

Created: 2022/02/05 09:46

Updated: 2025/12/09 18:01

Last Read: 2022/02/05 09:46