Japan has pushed back against new U.S. tariffs on steel and aluminum, calling the move 'regrettable' and warning it could harm global trade ties. 🇯🇵🇺🇸 The policy, which imposes 25% duties on imports, took effect this week—and Tokyo says it was left out of exemptions granted to other trading partners.
'Our high-quality steel is essential to U.S. manufacturing,' said Japan’s top spokesperson Yoshimasa Hayashi. He argued Japanese exports support U.S. jobs and are not a security threat—contrary to Washington’s claims. 💼
Here’s why it matters:
📉 Over 1.1 million tonnes of Japan’s 2024 steel exports went to the U.S., making up 4% of America’s imports.
🚗 Japan’s car industry—home to Toyota 🇯🇵—relies heavily on steel and aluminum. A third of its $145B U.S.-bound exports are vehicles.
🌍 Tokyo fears broader fallout: 'This could destabilize the global trade system,' Hayashi warned.
Despite the friction, both sides are still talking. Economy Minister Yoji Muto pressed for exemptions during U.S. meetings this week. While Washington praised Japan’s investments, the tariff stalemate continues. 🕊️
Could this escalate into a full-blown trade war? Stay tuned. 🔥
