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Thursday July 28, 10:24 AM
Japan to impose first-ever retaliatory sanctions against USJapan plans to impose its first-ever retaliatory sanctions against US products in a row over a controversial US anti-dumping law. Japan is in the final stages of procedures to impose countervailing duties on US steel and other industrial products, possibly from September, in response to what is known as the Byrd Amendment, the Nihon Keizai Shimbun says. The duties will remain in place until the 2000 US law is repealed, it said. No immediate comment was available from Japan's trade ministry. Jiji Press news agency said Japan's government would soon bring up the issue to an advisory panel and draft related ordinances, with the sanctions to be imposed one month later. The US law, named after Senator Robert Byrd, allows the US government to redistribute duties levied on dumping -- selling items abroad at less than the price in the domestic market -- to US companies. Japan and other countries as well as the European Union took the case to the World Trade Organization, which last year authorized sanctions amounting to 72 percent of the sums reaped by the US law. Canada and the EU took retaliatory actions against the United States on May 1.
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