Japan plans retaliatory tariffs against United States on steel, aluminium import duties: Report
US President Trump decided in March to impose import duties of 25 percent on steel and 10 percent on aluminium, drawing criticism from other countries for heightening the risk of a global trade war. The European Commission has insisted the European Union be granted a permanent exemption without conditions. It has threatened to respond with its own duties on U.S. goods and will notify the WTO of its potential plans this week.
Japan`s top government spokesman Yoshihide Suga conceded the government was considering taking "necessary" steps based on WTO rules. But he said no final decision has been made on whether to take retaliatory steps. Image source: Reuters