U.S., Japan Reach Deal to Remove Trump-Era Steel Tariffs

The video discusses the evolving relationship between the US and Japan, focusing on the resolution of trade irritants since 2018. It highlights the impact of the Trump administration's tariffs and the Biden administration's strategy to address trade threats from China. The agreement allows Japan to export steel to the US duty-free up to a certain limit, benefiting both countries while protecting domestic producers through a tariff rate quota.

What measures are in place to prevent Japan from becoming a transshipment point for steel?

How do US producers feel about the tariff rate quota related to steel imports?