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.
