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08 Feb
09:06

US, Japan agree steel trade deal

The US government has agreed to allow up to 1.25 million tonnes/year of Japan-origin duty-free steel imports based on tariff rate quotas effective 1 April, US Commerce Secretary Gina Raimondo announced this week. Imports above this amount will continue to be levied with the 25% Section 232 tariff, Kallanish notes. The set quota is the average of Japanese steel exports to the US in 2018 and 2019, Gina Raimondo said. The two countr…
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