US-Japan anti?, will for the first time on the US imposition of retaliatory tariffs

Japan Government yesterday said it will be on the United States steel and ball bearing collection value up to $ retaliation 5200 tariffs in response to the United States Government has failed to repeal the Byrd Amendment Act (Byrd Amendment).

Japan's initiative will enter into force on 1 September, it will mark the first visit to Japan trade partners collection "offset import duties" (countervailing import tariffs).

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Japan economy and industry that plan on 15 United States imports imposed additional tariff of 15%, most of these products is a ball bearing and steel products. The total amount of these retaliatory tariffs up to 520 million, and 6.763 trillion yen (-603 billion) in 2004, Japan imports from the United States is very small in comparison. It is expected that Japan's Cabinet will be two to three weeks after approval of the tariff measures. Japan multiparous Minister Shoichi Valley (Shoichi Nakagawa) said: "we are convinced that it is necessary to impose additional pressure on the United States Congress, and strongly hopes that the United States can seriously Japan's decision to immediately repeal the Byrd amendment. ”

Japan is likely to remain above tariff until the Byrd amendment was withdrawn.

Analysts said, given the value of these tariffs compared to the total bilateral trade is small, Japan's actions are not likely to cause it to appear with the relationship between the United States. United States, the Bush Administration proposed revocation of 2000 the Byrd amendment, but was opposed to the Congress.