U.S. to Exempt More Japanese Products from Steel Tariffs

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Last updated at: (Beijing Time) Tuesday, June 18, 2002

U.S. to Exempt More Japanese Products from Steel Tariffs

The United States decided Monday to exclude nine more Japanese steel products from hefty tariffs it has imposed since March to help the beleaguered U.S. industry, Japanese officials said.

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The United States decided Monday to exclude nine more Japanese steel products from hefty tariffs it has imposed since March to help the beleaguered U.S. industry, Japanese officials said.

The annual import amount of the Japanese products newly added to a list of products receiving exemptions totals some 20,000 tons, they said.

The latest step apparently reflected Japan's recent decision to put off the imposition of 100% retaliatory tariffs on U.S. steel imports.

The Japanese government initially planned to take the retaliatory action Tuesday but announced a postponement last week, saying Washington is considering exempting items in a ''constructive'' manner.

The U.S. imposed three-year tariffs of up to 30% on an array of steel imports in March in response to complaints from U.S. manufacturers that they are being hurt by cheap steel imports.

The U.S. is now examining exemption requests from foreign steelmakers so that products which U.S. manufacturers do not make can continue to be shipped to U.S. users without the high tariffs. The initial list of products receiving exemptions will be fixed by early July.

The U.S. Congress and the U.S. steel industry have been opposed to the idea of allowing exemptions on many foreign products, saying such a step would hamper the effectiveness of the tariffs.

Japan's steel exports to the U.S. last year totaled about 2.2 million tons, of which some 1.4 million tons would have been subject to the import tariffs. Japanese steel products which have so far received exemptions amount to about 400,000 tons, according to industry officials.

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