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Japan trade minister calls for calm heads over U.S. tariffs

Reuters  |  BRUSSELS 

(Reuters) - Japan's sought an exemption from U.S. import tariffs on and aluminium on Saturday and called for "calm-headed behaviour" in a dispute that threatens to spiral into a trade war.

told a conference his U.S. counterpart had only explained the schedule and procedure of the U.S. actions in talks in Seko said he believed there was still time for to secure an exemption.

U.S. signed an order on Thursday to set import tariffs of 25 percent on and 10 percent on aluminium, to come into effect in 15 days. But he exempted and and held out the possibility of excluding other allies.

"We expressed our concern. It could disrupt the and aluminium markets of the and have a negative impact," Seko told reporters after his meeting with U.S. Trade Lighthizer in which he sought an exemption for Japanese producers.

"We call for calm-headed behaviour," Seko said.

Japan, he said, would stick to Trade Organization rules in terms of taking measures.

"If there is a violation, then we will seek consultations. We will look at the impact on Japanese businesses and make a final decision."

(Reporting by Philip Blenkinsop; Writing by @AdeCar)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 20:37 IST