Japan requests US to exclude Japan from steel and aluminum tariffs

Japan requests US to exclude Japan from steel and aluminum tariffs


Muto Yoji, Japan’s minister of economy, trade and industry.

Toshifumi Kitamura | Afp | Getty Images

Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminum tariffs.

U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions,” saying they would aid struggling industries in the U.S., but which also risk sparking a multi-front trade war.

Trump later said he would give “great consideration” to Australia’s request for an exemption to the steel tariffs due to that country’s trade deficit with the U.S.



Source

CNBC Daily Open: Netanyahu’s ‘ground component’ warning
World

CNBC Daily Open: Netanyahu’s ‘ground component’ warning

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference, amid the U.S.-Israel conflict with Iran, in Jerusalem, March 19, 2026. Ronen Zvulun | Reuters Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. Conflicting messages for the markets to contend with this morning. The threat […]

Read More
Japan wanted inflation and Iran war could grant that wish. But it’s not the type Tokyo desires
World

Japan wanted inflation and Iran war could grant that wish. But it’s not the type Tokyo desires

TOKYO, JAPAN – FEBRUARY 05: Tourists and shoppers walk through the Tsukiji shopping area on February 5, 2026 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images The Bank of Japan has long stated that sustained levels of inflation will help it move ahead with policy normalization, after having ended the world’s […]

Read More
The Iran war is sending shockwaves through the world’s busiest IPO market
World

The Iran war is sending shockwaves through the world’s busiest IPO market

The National Stock Exchange (NSE) building in Mumbai, India, on Wednesday, Dec. 10, 2025. Dhiraj Singh | Bloomberg | Getty Images Global volatility is threatening a pipeline of multibillion-dollar stock market listings in India, the world’s busiest IPO market. Payments app PhonePe’s move on Monday to halt its listing plans has underscored a growing strain […]

Read More