Commerce Secretary Talks Steel and Aluminum With Japanese Trade Minister
Commerce Secretary Gina Raimondo met with Trade Minister Hagiuda Koichi Nov. 15, and talked about strengthening supply chains, export controls and cooperating on digital technologies -- and talked about how to cooperate to confront excess capacity in steel and aluminum. Japanese exports of steel face a 25% tariff in the U.S., and after the U.S. agreed to tariff rate quotas on steel with Europe, Japan asked to get a similar deal.
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
Raimondo said the two countries want "to develop with like-minded partners an Indo-Pacific economic framework to advance resilience, inclusion, sustainability, and the interests of our respective middle classes." In Japan, they believe the Trans-Pacific Partnership promoted more affordable supply chains, but the U.S. is not interested in rejoining the TPP.