Japan’s Cabinet OKs retaliatory levies on U.S. steel products

Kyodo via Yahoo! Asia

The Cabinet on Friday approved the government’s plan to invoke countervailing import tariffs on U.S. ball bearing and steel products from Sept. 1, government officials said Friday.

The planned 15 percent levy on 15 product items is designed in response to a U.S. antidumping law which the World Trade Organization has decided violates global rules. It is the first such measure Japan has ever taken against any trading partner.

This is another formal step towards the tarifs, due to start in September, talked about August 1st in previous articles

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