U.S., Japan to Discuss Lifting Tariffs on Aluminum, Steel as China Ramps up Production

  • Date: 15-Nov-2021
  • Source: Newsweek
  • Sector:Economy
  • Country:Middle East
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U.S., Japan to Discuss Lifting Tariffs on Aluminum, Steel as China Ramps up Production

The United States and Japan could lift tariffs on Japanese aluminum and steel imports as part of a new partnership.

The two nations agreed to begin discussions on lifting the tariffs implemented during former President Donald Trump's administration. They were represented respectively by visiting U.S. Commerce Secretary Gina Raimondo and Japan's Economic, Trade and Industry Minister Koichi Hagiuda.

The alliance between the countries resulted in the formation of the Japan-U.S. Commercial and Industrial Partnership, or JUCIP. According to the Commerce Department and the Ministry of Economic, Trade, and Industry, this partnership aims to "strengthen the competitiveness, resiliency, and security of both economies."