What will Japan do? [br] [originaltext] Japan’s Vice Minister of Economy, Tr

Japan’s Vice Minister of Economy, Trade and Industry Hideji Sugiyama was speaking before reporters. Japan has announced it will impose 15 percent tariffs on U.S. steel imports in retaliation for controversial American duties on Japanese products. This is the latest development in a long running dispute between the world’s two largest economies.
    The tariffs, announced Monday by Japan’s Trade Ministry, will affect fifteen different U.S. steel imports, including airline parts and ball bearings.
    Japan expects to collect more than $50 million from the levies, which are set to come into effect next month. Japanese officials say the measures are a protest against the so-called Byrd Amendment, a controversial U.S. antidumping regulation, passed in 2000.