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U.S. rolls back Trump-era tariff on Japanese steel

Duty on aluminum to remain in place under new agreement

Japanese steel exports to America fell to around 720,000 tons in 2020 from around 1.73 million tons in 2017.   © Reuters

NEW YORK -- The U.S. has reached a deal with Japan that will lift a portion of the additional 25% tariff imposed on steel imports under former President Donald Trump in 2018.

Washington will introduce a tariff-rate quota under the agreement announced Monday, suspending the duties on Japanese steel shipments up to 1.25 million tons a year -- the average imported in 2018 and 2019 -- starting April 1.

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