The Biden administration in the United States has announced that it will begin talks to review the restrictions on tariffs on steel and aluminum that Japan is seeking to resolve.
The United States has introduced import restrictions that impose high tariffs of 25% on steel and 10% on aluminum from countries, including Japan, as the former Trump administration has hurt domestic industry with steel products from abroad. However, the Japanese side is urging a review of tariffs.
Regarding this, Secretary of Commerce Lemond and Trade Representative Katherine Tai announced on the 12th that they will start talks to review import restrictions on Japan.
Both parties are planning to visit Japan next week to meet directly with Minister of Economy, Trade and Industry Hagita, and have announced the policy of the United States before this.
"The United States and Japan share the same interests as countries with a market economy, and this talk will be an opportunity to hold responsibilities to countries like China, which will introduce non-market policies," the U.S. side said in a statement. I emphasized.
The United States wants to work with allies to solve this problem, saying that overproduced steel products in China are distorting the fair competition in the world. We have also agreed to exempt some of the tariffs on our products.