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Japan's JFE: No major impact from U.S. duties on steel, but fears of 'Trump risk'

Reuters  |  TOKYO 

By Yuka ObayashiTOKYO (Reuters) - JFE Holdings Inc, parent of Japan's No. 2 steelmaker, has seen no major impact on its exports so far from new U.S. import duties on steel, but still sees U.S. trade policy as the biggest risk for the Japanese economy, its president said. "The biggest risk for the Japanese economy is 'Trump risk'," JFE President Eiji Hayashida told a news conference on Tuesday. The administration of U.S. President Donald Trump imposed the higher import duties of 25 percent on steel in March, mainly aimed at curbing imports from China. "His trade policy gives little direct ...

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First Published: Tue, May 15 2018. 12:10 IST