President Donald Trump set import tariffs on Thursday of 25 percent on steel and 10 percent on aluminium, to come into force in 15 days. "We call for calm-headed behaviour," he told reporters.Seko did not go into what conditions might allow Japan to evade tariffs and, asked if Lighthizer had brought up the U.S. trade deficit with Japan, Seko said no. "We will look at the impact on Japanese businesses and make a final decision. However, it took on more urgency after Trump's tariff move.Commission Vice President Jyrki Katainen warned Washington on Friday not to expect any concessions to win an exemption. Under World Trade Organization rules, such counter-measures have to be in place within 90 days of the U.S. tariffs entering force.European steel and aluminium associations have warned that the U.S. tariffs could cost their sectors thousands of jobs.

Source: Egypt Today March 10, 2018 16:52 UTC