Japan made the request by 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 climbing aluminum tariffs to 25% from 10%.
Learn Extra: What Are Tariffs and Why Is Trump In Favor of Them?
“Japan will firmly take essential steps as we totally look at particulars of the brand new measures and their doable impression on the Japanese financial system,” Chief Cupboard Secretary Yoshimasa Hayashi informed reporters, suggesting that his nation will foyer for an exemption within the coming weeks earlier than the measures are because of take impact.
The measures introduced by Trump are a part of his aggressive push to reset world commerce within the perception that tax hikes on foreign-made merchandise will strengthen home manufacturing.
Learn Extra: Trump to Impose 25% Metal and Aluminum Tariffs in Newest Commerce Escalation
Japan was given an annual duty-free quota of as much as 1.25 million tons of metal underneath the previous President Joe Biden ’s administration. Japan’s exported 1.18 million tons of metal to the U.S. in 2024, in keeping with 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 overall exports to America. Aluminum exports have been a lot much less, authorities knowledge present.
