WeChat QR Code

Home>News Center

Japan, Russia, Turkey response to U.S. tariffs hits $3.5 billion

2018-05-24 08:58:39       source:Asahi Shimbun

May 23, 2018


GENEVA -- Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion (387 billion yen) annually.


The three countries detailed their compensation claims in notifications to the world trade body, following similar moves by the European Union, India and China. Each showed how much the disputed U.S. tariffs would add to the cost of steel and aluminum exports to the United States, based on 2017 trade.


Russia said the U.S. tariffs, which U.S. President Donald Trump imposed in March, would add duties of $538 million to its annual steel and aluminum exports. Japan put the sum at $440 million. Turkey added a further $267 million.


Read more:

http://www.asahi.com/ajw/articles/AJ201805230022.html