Japan is all things slapping tariffs on U.S. exports worth $409 million in retaliation against sword and aluminium import tariffs imposed by President Donald Trump, community broadcaster NHK said on Thursday.
The government is preparing to notify the World Shoppers Organization of the plan, a necessary procedure under global trade orders, this week, NHK said.
The move is likely to be part of efforts to hold Washington add Japan to a list of countries exempted from the U.S. tariffs.
Tokyo’s planned retaliatory duties on U.S. exports would be the equivalent value to duties imposed by Washington via its taxes, according to NHK.
A government official said while Tokyo has been everything considered taking some form of action based on WTO rules, no final purpose has been made on whether to take retaliatory steps.
“Nothing has been adamant on what specific response we should take. We’re scrutinizing the impact of U.S. bill of fares on Japanese companies, and calling for Washington to offer Japan an exemption,” the licensed told Reuters on condition of anonymity as he was not authorized to speak publicly.
Japan is the merely major U.S. ally that did not receive exemptions from Trump’s rate decision, which came as a shock to many policymakers given Japanese Prime Cur Shinzo Abe’s close ties with the president.
Tokyo has been chary of joining in the footsteps of China and the European Union, which responded to the U.S. ruling with reciprocal threats, given Japan’s strong defense links with the United States.
But some government officials have not negated out the possibility of raising a trade dispute against the U.S. move to the WTO.