New Deal with Japan on Section 232 to Be Announced This Afternoon: Sources

The United States and Japan are expected to announce this afternoon a new deal on Section 232 regarding Japanese steel exports to the U.S., according to sources familiar with the matter.

The new agreement will be a tariff rate quota, or TRQ, broadly similar to one negotiated between the U.S. and the EU last year. But certain key details are different – notably when it comes to exclusions, they said.

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.