Japan has asked the United States government to It excludes 25 % tariffs Taxes by the administration of President Donald Trump to imports of steel and aluminum, and is evaluating its impact to adopt measures.
The petition has already been formally presented through the Japanese delegation in the North American country, according to the Japanese government spokesman, Yoshimasa Hayashi reported Wednesday.
“The Japan government You will study thoroughly The content of this measure and its influence in the country, and then will adopt the necessary measures, “said Hayashi when asked about the new levies during a press conference.
In a separate appearance, the Minister of Economy, Commerce and Industry, Yoji Muto, said that The Executive will help Japanese companies That they can be harmed through trade insurance, a public system to help national companies linked to foreign trade, if they are attached.
President Trump signed two executive orders on Monday to impose 25 % tariffs on aluminum and steel imports, ensuring that its application would be global and without exceptions.
The Executive Order, published by the White House, points out that Imports of Steel and Aluminum “They threaten to undermine national security”and that the agreements in force until now conclude on March 12, 2025, date from which the products indicated will be the subject of the new tariffs.
The actions of the Nippon Steel steel, the main one of the country and one of the largest in the world, 0.3 % fell on the opening of this Wednesday’s session on the Tokyo Stock Exchangewhich remained closed on Tuesday by national holiday.
In the Tokyo parquet, the main selective, the Nikkei, rose around 0.2 %.
The acquisition of Us Steel suspended
At the end of last week, the largest employer organization in Japan, Keidanren, hinted that The negotiations who are carrying out the Japanese and the American Us Steel, who planned to buy and could now turn to a simple investment, could be a currency in the tariff theme.
Nippon Steel presented an offer of 14.9 billion dollars to acquire Us Steel at the end of 2023, but the then president Joe Biden (2021-2025) blocked it in March last year considering that it was not convenient for a foreign company to have so much power in a strategic sector for the country.
Trump had also manifested against the purchase before his return to the US presidency and in surprising comments last Friday after gathering in Washington with Japanese prime minister, Shigeru ishiba, he said that Nippon Steel will withdraw its offer to buy Us Steel And instead it will invest in the company, although not in majority proportion.
Neither Nippon Steel nor Us Steel have spoken for the moment on these comments. The purchase of the American would have turned the Japanese into the second largest alerera in the world.
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