Minister of Economy, Trade and Industry Hagita met with the Thai trade representative of the United States visiting Japan on the 17th.
In addition to reconfirming that discussions will be held to resolve the issue of additional tariffs on steel products, etc., which were instituted by the previous Trump administration, a new framework will be set up to discuss how cooperation should be in the trade field. Matched in.
Minister of Economy, Trade and Industry Hagita met with US Trade Representative Katherine Tai at the Ministry of Economy, Trade and Industry.
At the meeting, the former Trump administration took import restrictions from three years ago, adding a 25% tariff on steel and a 10% tariff on aluminum because of the security threat caused by China's overproduction. The agenda was that products from Japan were also covered.
Regarding this measure, on the 15th, at a meeting between Minister Hagita and Secretary of Commerce Lemond of the United States, the two countries agreed to start discussions for a solution, and according to the Ministry of Economy, Trade and Industry, the problem will be resolved at the meeting on the 17th. It means that we have reconfirmed that we will proceed with discussions toward.
At the meeting, the Ministry of Economy, Trade and Industry, the Ministry of Foreign Affairs, and the executives of the US Trade Representative agreed to launch a new framework to discuss the ideal way of cooperation between the two countries in the field of trade.
Under this framework, the two countries will cooperate to take a unified response to acts that hinder fair competition, such as excessive subsidies to companies.