USDA Undersecretary Ted McKinney was in Japan earlier this month discussing ag trade issues with Japanese leaders and buyers at a large regional food show. But according to a story from Rod Bain by the end of this month, Japan could revert back to a tariff on U.S. frozen beef imports to levels prior to an increase last August. Turning …
U.S. Frozen Beef Tariff Increase Starts in Japan
Late last week, Japan announced its “safeguard” tariff on frozen U.S. beef, increasing the tariff from 38.5 percent to 50 percent. The new rate begins today, August 1, and will last through March 31, 2018. The United States beef industry says had the Trans Pacific Partnership agreement been in effect, or if the U.S. had a bilateral trade deal with …
Japan Beef Tariff Increase Highlights Need for Trade Agreement
The National Cattlemen’s Beef Association says the increased tariff on beef imports to Japan underscores the “urgent need” for a bilateral trade agreement between Japan and the United States. Japan announced it would increase the tariff on frozen beef imports from 38.5 percent to 50 percent until April 2018. NCBA President Craig Uden says the tariffs “unfairly distort the market …
Japan to Increase Tariff on U.S. Frozen Beef
It has been announced by the government of Japan that rising imports of frozen beef in the first quarter of the Japanese fiscal year (April-June) have triggered a safeguard, resulting in an automatic increase in Japan’s tariff rate under the WTO on imports of frozen beef from the United States. The increase, from 38.5 percent to 50 percent, will begin August …