Japanese Trade Minister Hiroshige Seko said on Tuesday there is a “high chance” that some Japanese steel and aluminum products will get exempted from new U. S. tariffs as they are not quickly replaceable. “I think there is a high chance that Japanese steel and aluminum products would be exempted
Japanese Trade Minister Hiroshige Seko said on Tuesday there is a “high chance” that some Japanese steel and aluminum products will get exempted from new U. S. tariffs as they are not quickly replaceable.
“I think there is a high chance that Japanese steel and aluminum products would be exempted from the new tariffs on a per-item basis, as they contribute greatly to U. S. industries and many of them have little substitute,” he told a news conference.
U. S. President Donald Trump has pressed ahead with import tariffs of 25 percent on steel and 10 percent for aluminum, but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance.
