Japan to End Retaliatory Tariffs for Byrd Amendment
The Japanese Finance Ministry will reportedly stop levying additional duties on exports from the U.S. as a retaliation against the Continued Dumping and Subsidization Offset Act (CDSOA), often referred to as the Byrd Amendment, The Japan Times reported on Aug.…
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5. Japan initially retaliated against the law in 2005 after the World Trade Organization found it violated trade rules. CDSOA allows the U.S. government to allocate antidumping and countervailing duty revenues to U.S. producers that originally supported imposition of the AD/CV duties. Japan raised tariffs on steel, bearings, and other industrial products in 2013 (see 13083014).