Trade minister deplores U.S. dumping complaints.
Japan's trade minister said Thursday he deplores a series of dumping complaints filed by the U.S. steel industry against Japanese steel exporters. "The handling by the U.S. side of this issue against the Japanese steel industry over the past year is totally incomprehensible," International Trade and Industry Minister Kaoru Yosano told a news conference. Yosano was commenting on the series of dumping complaints filed by U.S. steelmakers and trade unions, including Wednesday's filing of a dumping complaint against imports of wide flange beams. Japanese steelmakers "complied with orders from the United States amid the upsurge in U.S. demand stemming from the booming U.S. economy," Yosano said. "I am convinced that not a single Japanese company has willed to inflict damage in the U.S. marketplace," he said. As for the latest U.S. complaint against wide imports of wide flange beams, Yosano said U.S. steelmakers that have purchased Japanese-made steel products are among those that lodged the complaint. "There cannot be any rationale for the action of U.S. companies which have filed the dumping complaint despite having bought Japanese-made steel products at cheap prices," he said. His remark came a day after a group of U.S. steelmakers and trade unions filed the dumping complaint against wide flange beams imported from Japan and other countries with the Commerce Department and the International Trade Commission, a U.S. federal agency. On June 11, the commission ruled that Japanese steelmakers have been dumping hot-rolled steel on the U.S. market and slapped antidumping tariffs of up to 67.14% on the product.
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|Comment:||Trade minister deplores U.S. dumping complaints.|
|Publication:||Japan Weekly Monitor|
|Date:||Jul 12, 1999|
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