U.S.-JAPAN NOT IN TRADE WAR, YEUTTER SAYS The United States and Japan are not involved in a trade war, despite U.S. sanctions announced last week against Japanese semiconductors, U.S. Trade Representative Clayton Yeutter said. "In my judgement, we're not even close to a trade war," Yeutter told a House Agriculture Committee hearing. Yeutter said if Japan takes action to honor its agreement with the U.S. on semiconductor trade, "Then the retaliatory response will last a relatively short period." Yeutter said Japan must stop dumping chips in third countries and buy more American computer chips.