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> The decision will likely have a big impact on economic ties between Japan and the United States, as well as on the global economy.
China produces half the world's steel, but it largely remains silent on the issue when first announced. Now, Beijing says it's resolutely opposed to Trump's decision. The country's metal producers are calling the government to retaliate against the White House's move, and singled out American imports like coal and electronics as targets.
US ally Japan says it's lobbying Washington to be exempt as it's the case with Canada and Mexico. Tokyo has argued it should meant do not pose a security threats.>>
>> That call was echoed by South Korea and Australia on Friday. Seoul said it may file a complaint to the World Trade Organization. But so far, the news isn't weighing too heavily on investors. Instead the announcement of a possible Trump-Kim Jong Un meeting has taken the sting out of concerns of a trade war.