Trade official urges U.S. prudence in antidumping suits.
A senior Japanese trade ministry official on Thursday urged the U.S. government to be prudent in dealing with antidumping suits filed by the U.S. steel industry against Japan and 11 other steel-exporting countries. Filing antidumping complaints against imports of major steel products across the board could hamper fair trade, Osamu Watanabe, vice minister of international trade and industry, said during a press conference. On Wednesday, eight U.S. steelmakers lodged complaints with the Commerce Department and the International Trade Commission, alleging that the 12 steel-exporting countries are selling cold-rolled carbon steel at up to 122% below fair market value. This is the latest antidumping action taken by the U.S. steel industry amid a sharp increase in U.S. steel imports. Similar dumping charges were earlier filed over imports of five kinds of steel products, including hot-rolled steel and stainless steel sheets. Watanabe warned that the U.S. steel industry's successive antidumping complaints could trigger protectionism. Japan will closely monitor whether the U.S. government's examination of the latest antidumping suits will tempt other U.S. industries to resort to protectionist measures, Watanabe added.
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|Comment:||Trade official urges U.S. prudence in antidumping suits.|
|Publication:||Japan Weekly Monitor|
|Date:||Jun 7, 1999|
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