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Chairman's Comments > Regarding the Final Determination of the President concerning the Section 232 Investigation on the Effect of Imports of Steel on U.S. National Security

Chairman's Comments

Regarding the Final Determination of the President concerning the Section 232 Investigation on the Effect of Imports of Steel on U.S. National Security.

March 9,2018
Kosei Shindo
Chairman
    The Japan Iron and Steel Federation

 

On March 8, President Trump made a final determination concerning the Section 232 investigation on the effect of imports of steel mill products to U.S. national security.

It is very regrettable that President Trump determined the imports of steel mill products impair the national security of the U.S. and decided to increase tariffs on steel mill products. We are concerned that this determination causes a serious harmful effect not only on steel exports from Japan but also on steel trade worldwide and creates a negative chain reaction by other countries taking similar actions under similar pretenses.

Maintaining the principle of free trade is vital for sustainable economic growth and that principle should be fully respected.

The Japanese steel industry will study the impact of this determination very carefully and will continue to advocate for the adoption of policies based on the principles of free trade.



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