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Japanese government spokesman Yoshimasa Hayashi requested an exemption from U.S. tariffs on steel and aluminum exports through the Japanese embassy in the United States early Wednesday. Trump imposed similar tariffs during his first term to protect US producers faced with what he called unfair competition. However, Joe Biden, his predecessor, exempted Japan, allowing it to export up to 1.25 million tons of steel per year to the United States without paying duties. That exemption, known as tariff quota, will be revoked. Under Trump's latest policy, a tariff on steel will remain at 25%, while a tariff on aluminum will be raised to 25% from the current 10%. A trade ministry official has stated that Japan will carefully study the measures and their impact on its country and take necessary policy.
Japanese government spokesman Yoshimasa Hayashi requested an exemption from U.S. tariffs on steel and aluminum exports through the Japanese embassy in the United States early Wednesday. Trump imposed similar tariffs during his first term to protect US producers faced with what he called unfair competition. However, Joe Biden, his predecessor, exempted Japan, allowing it to export up to 1.25 million tons of steel per year to the United States without paying duties. That exemption, known as tariff quota, will be revoked. Under Trump's latest policy, a tariff on steel will remain at 25%, while a tariff on aluminum will be raised to 25% from the current 10%. A trade ministry official has stated that Japan will carefully study the measures and their impact on its country and take necessary policy.
Japan Requests Exemption From US Steel and Aluminum Tariffs
Tokyo's top government spokesman, Yoshimasa Hayashi, has stated that Japan requested an exemption from President Donald Trump's tariffs on steel and aluminum exports. This request was made through the Japanese embassy in the United States early Wednesday.
In his executive order to impose 25% tariffs on imports of steel and aluminum starting March 12, Trump triggered angry reactions internationally, including from Canada, Mexico, and the European Union.
Trump imposed similar tariffs during his first term to protect US producers faced with what he called unfair competition. However, Joe Biden, his predecessor, exempted Japan, allowing it to export up to 1.25 million tons of steel per year to the United States without paying duties. That exemption, known as tariff quota, will be revoked.
Under Trump's latest policy, a tariff on steel will remain at 25%, while a tariff on aluminum will be raised to 25% from the current 10%. A trade ministry official has stated that Japan will carefully study the measures and their impact on its country and take necessary policy.
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