Russia, Japan warn U.S of $1 billion in tariff retaliation
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Russia and Japan have warned they could retaliate against the U.S. tariffs on steel and aluminum by imposing sanctions worth one billion dollars, the World Trade Organisation filed on Tuesday.
Russia and Japan have warned they could retaliate against the U.S. tariffs on steel and aluminum by imposing sanctions worth one billion dollars, the World Trade Organisation filed on Tuesday.
Documents from Russia and Japan, following similar filings last week by the European Union and China, notified the U.S. of the cost of its tariff plan, based on 2017 exports.
Russia said the U.S. plan would add duties of 538 million dollars to its annual exports.
Japan put the sum at 440 million dollars and both said they had the right to impose equal costs on U.S. exports.
Neither named the U.S. products that they might target.
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