• Hello Customer - Log in or Register!
Date: 2013-08-01

Japan to Extend Punitive Tariffs Against US

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.


Previous: Kaydon bearing helps astronomers study the stars (pic)
Next: Barden to showcase precision bearings at Engineering Design Show

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
7302DF NACHI 15 42 13
7202CDF NACHI 15 35 11
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.