TOKYO — TOKYO (AP) — Japan ‘s authorities mentioned Wednesday it requested the U.S. to exclude it from 25% metal and aluminum tariffs, a change from duty-free quotas that Tokyo was given beforehand.
Japan made the request via 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%.
“Japan will firmly take mandatory steps as we absolutely study particulars of the brand new measures and their doable affect on the Japanese economic 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 as a result 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.
Japan was given an annual duty-free quota of as much as 1.25 million tons of metal beneath the previous President Joe Biden ’s administration. Japan’s exported 1.18 million tons of metal to the U.S. in 2024, in accordance 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 entire exports to America. Aluminum exports have been a lot much less, authorities knowledge present.