U.S. Nears Tariff Exemption for Japan Steel Imports: Kyodo
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The U.S. and Japan are close to an agreement that would partially remove tariffs imposed on Japanese steel imports in 2018, Kyodo reported without saying where it got the information.
The two countries haven’t finalized the size of a tariff-free import quota and some other details, Kyodo reported, citing anonymous sources. Japan has been calling for a complete abolition of the tariffs imposed by former President Donald Trump, which add 25% to steel imports and 10% to aluminum imports.