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 Post subject: US lifts tariffs on Japanese steel from Trump era
PostPosted: Tue Mar 08, 2022 8:18 am 
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On February 8, 2022, Reuters Currently there arexo walletbetting sites and a wide selection of online slot games but if you want to play both fun. Make a lot of money from games Online slot games are probably the best choice for gambling. Online slot game websites often have bonuses for new players. Give players the option to take advantage of these bonuses. I'm playing betting without spending money. You don't have to make a deposit or pay extra money, but you can get bonuses and make more profits. reported that US government and Japanese government It agreed to lift tariffs on Japanese steel that were imposed during the Donald Trump administration as a cooperation between the two nations to tackle China's trade policies that are negatively affecting the industry. steel of both nations

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The report states that The United States is set to announce a 25 percent tariff on steel imports from Japan under an annual quota of 1.25 million tonnes, while steel imports surplus from that quota will remain at the same rate. This new policy will take effect from 1 April onwards. But the new deal only covers steel products. does not include aluminum Data from the US Commerce Department reveals that in 2017, before the start of Trump's tariffs, The United States imported 1.7 million tonnes of Japanese steel, with this figure dropping to 1.1 million tonnes in 2019.


A joint statement between the United States and Japan said Japan would begin action within six months of the US measures. to find appropriate domestic measures such as anti-dumping, retaliatory tariffs and other preventive measures or measures that have at least equal impact; To create more market-oriented conditions for the steel and iron market



US officials said This new policy has enabled Japan and the United States to make concrete progress together. to combat global excess steel production Most of which are centered on China, according to US Commerce Secretary Gina Raimondo, said at a news conference. “The policy we are announcing today is a continuation of the US-EU agreement. This will allow us to rebuild our relationships with partners around the world. while fighting China's unfair trade policies.”

The United States, under the government of Joe Biden and the European Union, aim to expand the scope of the agreement globally. to deal with the problem of excess production capacity outside the market and penalize countries for failing to meet the low-carbon targets for the steel and aluminum industries, however, Japan has not asked to join the process at this time.


Last bumped by Anonymous on Tue Mar 08, 2022 8:18 am.


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