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Trade

Japan to fight state-subsidized imports, learning from US and EU

Tokyo seeks intel-sharing framework, targeting metals and chemicals

Chinese steel is a frequent target of countervailing tariffs.   © Reuters

TOKYO -- Japan's trade ministry will work with the U.S. and the European Union to expand its use of tariffs targeting state-subsidized imports sold in the country at unfairly low prices.

Tokyo looks to encourage businesses to request countervailing duties, one option allowed by the World Trade Organization when excessive subsidies from an exporting country enable goods to be sold so cheaply that domestic industry cannot compete.

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