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"This agreement, combined with last year's resolution with the EU, will help us work with Japan to counter China's anti-competitive, non-market trade practices in the steel sector and help us achieve President (Joe) Biden's ambitious climate agenda," Tai said.
She, along with U.S. Commerce Secretary Gina Raimondo, announced a new tariff agreement that allows "historically reasonable" volumes of Japanese steel products to enter U.S. markets duty-free. If imports exceed the limit, they will be subject to an additional fee.
In 2018, former U.S. President Donald Trump imposed customs duties on steel and aluminum imports of 25 percent and 10 percent, respectively. Since then, Tokyo has been urging Washington to exempt the country from these duties.
source: cnn.com
She, along with U.S. Commerce Secretary Gina Raimondo, announced a new tariff agreement that allows "historically reasonable" volumes of Japanese steel products to enter U.S. markets duty-free. If imports exceed the limit, they will be subject to an additional fee.
In 2018, former U.S. President Donald Trump imposed customs duties on steel and aluminum imports of 25 percent and 10 percent, respectively. Since then, Tokyo has been urging Washington to exempt the country from these duties.
source: cnn.com
