American, Japan carmakers join forces to end U.S. steel tariffs.
Six major U.S. and Japanese automakers, including General Motors Corp. and Toyota Motor Corp., are joining forces to remove penalty tariffs imposed by the U.S. government on a certain type of surface-treated steel sheet, a Toyota official said Thursday.
Ahead of a hearing to be held in October by the U.S. International Trade Commission on the issue, the six automakers are lobbying against the tariffs by jointly sending a letter to related Congress members, the official said. The six also include Ford Motor Co., DaimlerChrysler AG, Honda Motor Co. and Nissan Motor Co.
''The tariff measure is adversely affecting the price competitiveness of automobiles produced in the United States,'' the Toyota official said.
According to the Associated Press, this is the first time the six automakers have joined forces on a trade issue.
The ITC issued a ruling in 1993 that corrosion-resistant carbon flat steel products from Japan and other countries were being dumped in the U.S. market. Since then, the U.S. government has been imposing penalty tariffs on the products.
The ITC will hold a hearing Oct. 17 to consider whether the tariffs should remain for another five years.
The six automakers are currently procuring almost all corrosion-resistant carbon flat steel products on the U.S. market for use in vehicles produced there.
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|Comment:||American, Japan carmakers join forces to end U.S. steel tariffs.|
|Publication:||Japan Transportation Scan|
|Date:||Sep 11, 2006|
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