Japan to impose trade sanctions on US over dumping law
AFP, Tokyo
Japan on Monday decided to impose its first-ever retaliatory trade sanctions against the United States on 15 goods including steel over a controversial US anti-dumping law, the trade ministry said. "Our country decided today to launch a countermeasure from September 1 over the Byrd Amendment of the United States," Trade Minister Shoichi Nakagawa said in a statement. The tariff rates will be 15 percent on all the goods, in line with similar moves by Canada and the European Union which have taken retaliatory action against US products since May 1 over the 2000 US legislation known as the Byrd Amendment. The Council on Customs, Tariff, Foreign Exchange and Other Transactions held a sectional meeting Monday to give approval for the government plan for sanctions. The tariffs are the latest retaliation for the Byrd legislation, which redistributes levies on dumping -- selling items abroad at less than the price in the domestic market -- to US companies.
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