Japan steel industry concerned over US using trade tariffs in broader trade pacts

Japan Iron and Steel Federation Chairman Kosei Shindo was on the wires earlier today, speaking at a news conference in Tokyo.

Key Quotes via Reuters:

“We are concerned that the new tariffs are being used by the U.S. as a card for wider trade negotiation deals.”

“Japan will need to take a cautious stance when talking with the U.S. about country exemption as the discussion could develop to wider trade issues, such as other industrial products...and even agriculture products.”

“For now, what Japanese steelmakers should do is to seek product exemption.”