Japan has decided to extend, for another year, punitive tariffs on tapered roller bearings imported from the U.S. in retaliation against a U.S. anti-dumping trade law known as the Byrd amendment.
The decision to extend the retaliatory tariffs on Sept. 1 until Aug. 31 next year will be formally endorsed at a Cabinet meeting soon, the Ministry of Economy, Trade and Industry said on Monday.
Japan first imposed retaliatory tariffs on 15 items, including steel products, on Sept. 1, 2005, in response to the Byrd Amendment. The European Union, Canada and Mexico also implemented similar countermeasures against the U.S.
The upcoming one-year extension of the Japanese retaliatory tariffs will be the seventh, although the number of items subject to the punitive tariffs has significantly declined in the past seven years.
The controversial Byrd amendment, enacted in 2000, is legislation allowing anti-dumping duties collected by the U.S. administration from foreign companies to be distributed among U.S. firms to cover their losses from cheap imports.
In January 2003, the World Trade Organization, the Geneva-based watchdog on international commerce, ruled that the Byrd amendment was in violation of international rules and ordered the U.S. to repeal it.
The Japanese government has decided to extend the punitive tariffs for another year again because the U.S.
Product Model | Inside Diameter | Outside Diameter | Thickness |
7302DF NACHI | 15 | 42 | 13 |
7202CDF NACHI | 15 | 35 | 11 |