A new initiative aims to reduce emissions from steel, cement, aluminum and other materials used in the industrial sector, which generates about a third of the nation’s greenhouse gases.
The agreement will transform a current 25 percent tariff into a so-called tariff-rate quota, exempting up to 1.25 million metric tons of Japanese steel.
The Trump administration imposed metal tariffs on dozens of countries in 2018, saying that a glut of foreign steel and aluminum threatened to put U.S. manufacturers out of business and posed a national security threat.