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Japan's Aluminum Industry Urges Trump to Pull Back on Tariffs

  • Trade move could spark an escalation in global protectionism
  • Group’s also concerned that companies in Japan will suffer
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3 Charts to Know: Top Sector Losers from Trump's Tariffs

Japan’s aluminum industry is calling on President Donald Trump to rethink his plan to levy a 10 percent tariff on all imports of the metal, saying the action would hurt the country’s sales and could spill over into other industries, triggering a rise in global protectionism.

“Our biggest concern is that individual producers in this country will lose business,” Yoshihisa Tabata, executive director of the Japan Aluminium Association, said in an interview in Tokyo on Monday. “What makes things worse is that this could push the world into protectionism, hurting the viability of broader industries that are based on international division of labor.” The group represents about 130 companies.