Springfield News-Sun

Japan, U.S. launch talks to resolve tariffs dispute

- By Mari Yamaguchi

TOKYO — U.S. and Japanese officials agreed Monday to launch talks aimed at settling a dispute over American tariffs on imports of Japanese steel and aluminum.

The agreement came in a meeting between visiting U.S. Commerce Secretary Gina Raimondo and Japan’s minister of economy, trade and industry, Koichi Hagiuda, Japanese officials said.

Japan hopes to convince Washington to lift tariffs imposed during President Donald Trump’s administra­tion.

The U.S. recently resolved a similar dispute with the European Union in a deal officials said addresses excess capacity that can distort the steel market. It patched up a trans-atlantic rift and is meant to create a framework for reducing the carbon-intensity of steel and aluminum production that contribute­s to the warming of the earth.

Trump ordered the extra tariffs, 25% on steel imports and 10% on aluminum, in March 2018, asserting they would protect U.S. jobs and national security.

Hagiuda made it clear in the meeting that Japan wants the tariff issue “completely” resolved, in line with the World Trade Organizati­on, trade and industry ministry officials said after the talks.

Raimondo responded to a request by Japanese Foreign Minister Yoshimasa Hayashi during a meeting Monday to scrap the extra tariffs on Japanese steel and aluminum exports to the United

States by saying she planned to tackle the issue as a priority, the Foreign Ministry said.

Late last week, the Commerce Department issued a statement announcing the start of consultati­ons with Japan by Raimondo and United States Trade Representa­tive Katherine Tai “to address global steel and aluminum excess capacity, take effective measures to ensure the long-term viability of our steel and aluminum industries, and find solutions to strengthen our democratic alliance.”

Newspapers in English

Newspapers from United States