U.S. to open consultations with Japan on steel and aluminum
The U.S. will begin consultations with Japan on steel and aluminum overcapacity in an attempt to resolve a dispute over U.S. tariffs and hold China “to account” for non-market actions, the Commerce Department and the Office of the U.S. Trade Representative announced on Friday. The announcement comes two weeks after the U.S. and the European Union reached a deal on Section 232 tariffs, agreeing to a tariff-rate quota system for EU steel and aluminum and pledging to lead a new...