Japan Threatens $400 Million Tariffs on US in Retribution

Japan is considering tariffs on U.S. exports worth $409 million in retaliation against steel and aluminum import tariffs imposed by President Donald Trump. Such a move would signal Tokyo is ready to go beyond backdoor talks and pleas for exemptions from the U.S. duties. It would also add to a growing rift that Trump’s “America First” trade policies is creating among major economies, which threatens to slow global trade and business activity.

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It's likely just showboating, trying to get on the exclusion list. 

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What? When did Japan join this ass-kicking match? I've missed it. Interesting if Trump would manage to alienate every major U.S. ally in the world. He's doing a great job with the EU already.

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