US and Japan agree to cut Trump-era steel tariffs
Source: BBC News
The US and Japan have agreed to remove Trump-era tariffs from around 1.25 million metric tonnes a year of Japanese steel imports.
Under the deal, Japan says it will help to tackle excess steel supplies, which push down prices.
The agreement is aimed to stamp out "unfair practices" in the global steel industry, which is dominated by China.
The Biden administration has already made a similar deal with the EU but tariffs remain in place on UK imports.
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