JavaScript is off. Please enable to view full site.

Japan plans retaliatory tariffs against United States: NHK

Thursday, May 17, 2018, 11:08 GMT+7

TOKYO -- Japan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminum import tariffs imposed by President Donald Trump, public broadcaster NHK said on Thursday.

The government is preparing to notify the World Trade Organization of the plan, a necessary procedure under global trade rules, this week, NHK said.

The move is likely to be part of efforts to have Washington add Japan to a list of countries exempted from the U.S. tariffs.

Tokyo’s planned retaliatory tariffs on U.S. exports would be the equivalent value to duties imposed by Washington via its tariffs, according to NHK.

A government official said while Tokyo has been considering taking some form of action based on WTO rules, no final decision has been made on whether to take retaliatory steps.

“Nothing has been decided on what specific response we should take. We’re scrutinizing the impact of U.S. tariffs on Japanese companies, and calling for Washington to offer Japan an exemption,” the official told Reuters on condition of anonymity as he was not authorized to speak publicly.

Japan is the only major U.S. ally that did not receive exemptions from Trump’s tariff decision, which came as a shock to many policymakers given Japanese Prime Minister Shinzo Abe’s close ties with the president.

Tokyo has been wary of joining in the footsteps of China and the European Union, which responded to the U.S. decision with reciprocal threats, given Japan’s strong defense ties with the United States.

But some government officials have not ruled out the possibility of raising a trade dispute against the U.S. move to the WTO.

Reuters

More

Read more

;

Photos

VIDEOS

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Latest news

Table Mountain wildfire threatens University of Cape Town

A wildfire on the slopes of South Africa's Table Mountain forced University of Cape Town students to evacuate on Sunday, as runaway flames set several campus buildings ablaze and firefighters used helicopters to water-bomb the area