US seeks to end aluminum and steel tariff dispute with Japan. |
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Tariffs on Japanese steel (25%) and aluminum (10%) have been in place since 2018. Tariffs on EU steel and aluminum were renegotiated last month, so Japan is requesting negotiations as well. The US is proposing a tariff-rate quota system in which volumes are taxed at different levels. Talks between the two nations are private, so specific details are unknown. According to government data, the US imports of Japanese steel fell from 1.73 million mt in 2017 (pre-tariffs) to 1.14 million mt in 2019. (12/14/2021) |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/13/2021: Raw Steels MMI: Steel prices decline; more tariff negotiations 12/9/2021: China steps up overseas hunt for ore needed to make aluminum |
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