Economics
Exemption to Escalation: Japan's Options on U.S. Tariffs
- Japan has called for exemption but has had no public response
- Steel and aluminum tariffs are set for implementation Friday
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Japan will probably be able to avoid the worst effects of U.S. President Donald Trump’s sudden decision to raise tariffs on metal imports, but the change has rattled the U.S. ally and would hurt its economy if it leads to a broader trade war.
With implementation of the tariffs slated for Friday, Australia has secured an exemption but Japan has so far been left out in the cold. Even if these were imposed on Japan’s steel and aluminum exports, the direct effect may be limited as the nation’s not a big exporter to the U.S.