U.S. Pitches Truce to Japan Over Trump-Era Steel, Aluminum Tariffs
- Deal modeled on agreement reached in October between U.S., EU
- Unclear whether accord can be reached by the end of the year
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The U.S. made an offer to Japan aimed at resolving disputes over tariffs imposed on Japanese steel and aluminum under former President Donald Trump in 2018, people familiar with the situation said.
The Commerce Department and office of the U.S. Trade Representative submitted the proposal to officials in the new government of Prime Minister Fumio Kishida -- who took office in Tokyo in October -- on Friday, said the people, who declined to be identified because the talks are private.