Japan tells WTO it’s ready to retaliate against U.S. steel tariffs | WHAT REALLY HAPPENED


Japan tells WTO it’s ready to retaliate against U.S. steel tariffs

Japan told the World Trade Organization on Friday it was ready to take retaliatory measures against U.S. tariffs on its steel and aluminium, reversing its earlier conciliatory stance toward its close ally.

Japan informed the WTO it had the right to impose tariffs on U.S. goods worth ¥50 billion ($451 million) — equivalent to the impact of the U.S. tariffs newly imposed on Japanese metal products, the Foreign Ministry said in a statement.

But the ministry stopped short of saying Tokyo might take action, saying: “We plan to decide appropriately, considering the impact on Japanese companies as well as related U.S. measures.”

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