THE INTERNATIONAL TRADE WAR OVER AMERICAN TARIFFS ON STEEL HAS STEPPED...

World | April 11, 2002, Thursday // 00:00

The international trade war over American tariffs on steel has stepped up a gear, after Japanese Trade Minister Takeo Hiranuma told US Trade Representative Robert Zoellick that Japan may prepare retaliatory action. Tokyo is demanding that the US provide compensation for its new steel tariffs of up to 30%, a trade ministry official said. The news comes as 25 World Trade Organisation (WTO) members - including all 15 members of the EU - prepare to meet US officials to challenge the tariffs.

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