Japan Plans to Place Tariffs on U.S. Steel Imports

Japan has announced it will impose a 15-percent tariff on U.S. steel imports effective September 1, reported the Associated Press (AP). The tariff comes in "retaliation for American steel industry protection measures turning up the heat" on the dispute between itself and Japan.

The tariffs, which will target ball bearings, airplane parts and other steel products, could rise as high as $51 million, reported the AP.

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