US Launches Agreement With Japan to End Trump-Imposed Steel Tariff

US Launches Agreement With Japan to End Trump-Imposed Steel Tariff
A man hammers quality Japanese steel as he makes a traditional Japanese sword at his workshop in Himeji, Japan, on Nov. 28, 2017. Buddhika Weerasinghe/Getty Images
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The United States reached an agreement with Japan on Monday to lift the 25 percent tariff imposed on Japanese steel products by Trump during his presidency, according to U.S. Trade Representative and Department of Commerce officials.

The agreement will allow up to 1.25 million tons of Japanese steel imports per year into the U.S. market without being subject to Section 232 tariffs, starting April 1.

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