Japan regrets US metal tariffs

The Japanese government expressed regret Monday over US President Donald Trump’s decision to impose tariffs on steel and aluminum imports, warning that it may wield a severe impact over their economic cooperation.

“We have explained our concerns to the US at various levels. It is extremely regrettable that the situation has yet to improve,” Chief Cabinet Secretary Yoshihide Suga told a press conference.

“In coordination with countries concerned, we will continue to negotiate patiently with the US to exempt Japan from the trade restrictions,” the top government spokesman noted.

Suga also warned that the US tariff imposition may have a significant impact on the economic cooperation between Japan and the US. He made remarks as the tariffs came into effect on Friday.

Trump announced the 25 percent steel and 10 percent aluminum tariffs on major trading partners in March, citing national security grounds.

China and the European Union have responded to the decision with reciprocal threats.

Source: Kuwait News Agency