TOKYO — Japan ‘s authorities mentioned Wednesday it requested the U.S. to exclude it from 25% metal and aluminum tariffs, a change from duty-free quotas that Tokyo was given beforehand.
Japan made the request by way of its embassy in Washington after U.S. President Donald Trump eliminated the exceptions and exemptions from his 2018 tariffs on metal imports to a minimal of 25%, whereas mountaineering aluminum tariffs to 25% from 10%.
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“Japan will firmly take needed steps as we absolutely study particulars of the brand new measures and their doable influence on the Japanese financial system,” Chief Cupboard Secretary Yoshimasa Hayashi advised reporters, suggesting that his nation will foyer for an exemption within the coming weeks earlier than the measures are as a consequence of take impact.
The measures introduced by Trump are a part of his aggressive push to reset international commerce within the perception that tax hikes on foreign-made merchandise will strengthen home manufacturing.
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Japan was given an annual duty-free quota of as much as 1.25 million tons of metal below the previous President Joe Biden ’s administration. Japan’s exported 1.18 million tons of metal to the U.S. in 2024, based on the American Iron and Metal Institute.
Japanese metal exports to the U.S. totaled 302.7 billion yen ($2 billion) in 2024, accounting for 1.4% of the entire exports to America. Aluminum exports have been a lot much less, authorities information present.
