Japanese Steelmakers Face Uncertainty after Trump Tariffs
Tokyo, March 12 (Jiji Press)--Japan's steel industry is facing growing uncertainty following the latest tariffs imposed by U.S. President Donald Trump's administration.
On Wednesday, Trump imposed additional 25 pct tariffs on imported steel and aluminum, including Japanese products.
While Japanese steelmakers do not expect a significant impact, they may suffer a blow if the high tariffs are expanded to automobiles.
According to the Japan Iron and Steel Federation, the amount of steel exported to the United States from Japan in 2024 was a mere 1.2 million tons.
Masashi Terahata, executive vice president of JFE Holdings Inc., said that the latest tariffs will have "very little direct impact" on the company.
(2025/03/12-23:48)
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