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Japan says US tariffs 'regrettable', warns of 'grave impact'

AFP  |  Tokyo 

hit out today at US Donald Trump's decision to impose steep trade tariffs on foreign and aluminium, saying it could harm economic relations between the two allies.

"The measure could have a grave impact on the economic relationship of and the US... and also on the global economy," said Taro Kono, describing the move as "regrettable".

In an announcement that sparked fears of a global trade war, Trump said the tariffs -- which will come into effect after 15 days -- will not initially apply to and

He also said that close partners on security and trade could negotiate exemptions.

Some US allies have already vowed retaliation with the EU promising tariffs on items from to peanut butter, bourbon and denim -- most of which are produced in states that Trump needs if he is to win re-election.

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

First Published: Fri, March 09 2018. 09:25 IST