Japan-US to resolve issue over US “section 232” tariffs on steel and aluminium imports
|Japanese Industry Minister said on Monday that “Japan and the US have agreed to start discussions to solve the issue over US "section 232" tariffs on steel and aluminium imports.”
“Japan and US agree to form Japan-US commercial and industrial partnership to reinforce industry competitiveness and supply chains,” he added.
A ministry official said: “Japan’s Trade Minister and US Commerce Secretary did not discuss any concrete measures to resolve the issue like that of EU-US agreement.”
Further, the official said that “Japan asked the US again for complete resolution of the issue of additional tariffs in a way that is consistent with WTO rules.”
USD/JPY unfazed
USD/JPY trades little changed at 113.83, as of writing, divided between downbeat Japanese growth numbers and broad US dollar weakness alongside the Treasury yields.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.