WASHINGTON, D.C.— U.S.-Japan Business Council (USJBC) Chairman Doug Peterson, and President and Chief Executive Officer of S&P Global, issued the following statement after it was announced that the United States and Japan are beginning consultations to address global steel and aluminum overcapacity and U.S. tariffs on Japan’s steel and aluminum imports under Section 232.
“The U.S.-Japan Business Council welcomes the agreement between the United States and Japan to start consultations on steel and aluminum overcapacity and urges the U.S. government to swiftly rescind the Section 232 tariffs on Japan. Doing so will avert further harm to American manufacturers already suffering from soaring steel prices and shortages and, just as importantly, will enhance the administration’s ability to work with Japan to address shared concerns.
“The U.S.-Japan Business Council has been steadfastly opposed to the Section 232 tariffs…
