ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more