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US, Japan reach deal to cut tariffs on Japanese steel, fight excess output

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US, Japan reach deal to cut tariffs on Japanese steel, fight excess output

The U.S. and Japan announced a deal on Monday to remove Trump-era tariffs from about 1.25 million tons a year of Japanese steel imports, after Washington granted similar access to European Union steelmakers last year.

The new agreement, which excludes aluminum, will take effect on April 1, U.S. officials said, and required Japan to take “concrete steps” to tackle global steel overcapacity, largely concentrated in China.

Japan will begin implementing “appropriate domestic measures, such as anti-dumping, countervailing duties and safeguard measures or other measures with at least equivalent effect” within six months to establish more market-oriented conditions for steel, the joint statement said.

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The agreement, like the EU steel-aluminum deal reached in October, requires steel imports from Japan to be produced entirely in the country for duty-free access, a standard dubbed “melting and pouring” to reduce the risk aversion of Chinese steel U.S. tariffs.

“This is a step towards a solution … but we will continue to strongly urge the U.S. to fully remove tariffs in a manner consistent with WTO rules,” Japan’s Industry Minister Koichi Hagida said on Tuesday.

A ministry official said the aluminum exclusion reflected the U.S. position, not a Japanese request.

Complete News Source : Business Standard

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Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

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Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

Game Changer box office collection day 6: Ram Charan and Kiara Advani-starrer released in theatres on January 10.
Game Changer box office collection: Ram Charan, Kiara Advani-Game Changer is one the first big releases of this year, and came with huge audience expectations. However the film opened to mixed reviews and has performed decently at the box office. As per the latest version of Sacnilk.com, Game Changer has minted ₹6.11 crore in its sixth day of release. Game Changer is directed by Shankar.

Game Changer box office collection

The report states that Game Changer has now crossed the ₹110 crore mark at the box office. It minted ₹5.55 crore on its first Wednesday, which is the lowest for the film so far. The film had seen a slight growth on its fifth day of release, with ₹10 crore net. The overall collections now stand at ₹112.26 crore.

Game Changer minted ₹51 crore on its opening day, and saw a dip in collections on its second day with ₹21.6 crore. Day three collections were at ₹15.9 crore whereas day four net was ₹7.65 crore. The film saw a sharp decline in its weekdays and is yet to recover. Game Changer is facing stiff competition from a number of releases, which includes Nandamuri Balakrisha’s Daaku Maharaj, Unni Mukundan’s Marco and Allu Arjun’s Pushpa 2: The Rule.

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Amid box office concerns for the film, a pirated version of Game Changer was allegedly aired on a local TV channel and shown in buses. Screenshots of the same surfaced on X, which caught the attention of producer Sreenivas Kumar. He took to his X account to demand strict action on it.

A few days ago, the makers of the film had filed a complaint against individuals for allegedly leaking a pirated version of the film online. The complaint also states that before the film’s release, the producers and a few team members were threatened through social media and messaging platforms like WhatsApp, wherein the same alleged pirates demanded money from producers and threatened to leak the pirated version if their demands were not fulfilled.

Game Changer is directed by Shankar and stars Ram Charan, Kiara Advani, and SJ Suryah. The film has also been released in Tamil, Kannada, and Malayalam.

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