US starts negotiations with Japan over Section 232 tariffs

The United States has started consultations with Japan to potentially ease steel and aluminium tariffs.

"The United States and Japan will seek to resolve bilateral concerns in this area, including the application of Section 232 measures, trade flows and the sufficiency of actions that address steel and aluminium excess capacity with the aim of taking mutually beneficial and effective actions to restore market-oriented conditions and preserve our critical industries," read a joint statement from US Secretary of Commerce Gina Raimondo and United States Trade Representative Katherine Tai published on Friday November 12.

This comes after the US recently agreed to replace Section 232 tariffs on European steel and aluminium with a tariff-rate quota. 

Friday's statement called out China as a "market-distorting" force due to its trade practices and its "non-market" steel overcapacity.

Thorsten Schier


Thorsten Schier

November 12, 2021

22:46 GMT

New York