Japan is increasing tariffs on frozen US beef imports to 50%

By Tom Wadlow
In a bid to protect its own farmers, Japan is set to increase import taxes on frozen beef from the US and other countries to 50%. Currently the levy st...

In a bid to protect its own farmers, Japan is set to increase import taxes on frozen beef from the US and other countries to 50%.

Currently the levy stands at 38.5%, and this will remain for countries with economic partnership agreements, including Australia, Mexico and Chile.

The news is a blow to Donald Trump’s efforts to boost trade between the US and Japan, although it is widely acknowledge that the US President is intent on imposing similar tariffs on foreign goods being exported to America.

RELATED STORIES:

Japan is the USA’s most important Asian beef export market, although recent news that China has lifted import bans could see a shift in this pattern.

In April to June of this year, Japan's first fiscal quarter, frozen beef imports from all nations totalled 89,253 tonnes, representing a 17.1% on the same period a year ago. US exports went up by 32 percent.

US sales of frozen beef to Japan last year totalled $418mn, which is nearly a fifth of all sales of the product.

Share
Share

Featured Articles

Ahold Delhaize Targets Sustainability & Omnichannel Goals

Multinational food business Ahold Delhaize prioritises sustainability and omnichannel innovation as part of its new plan for financial and strategic goals

US Bird flu Turns Spotlight on Milk Pasteurisation

As bird flu sees sales of raw milk spike, we look at the work of Tetra Pak, a giant in the world of pasteurisation.

Nestlé 'Meeting Sustainability Targets on Nescafé Coffee'

Nestlé is meeting targets on sustainably-sourced Nescafé coffee, & has donated 21mn plants as part of global ESG initiatives, a company report claims

Coffee Prices Soar as Extreme Weather Hits Brazil & Vietnam

Drink

Guinness & Carlsberg Back Drought Resistant Grain for Beer

Drink

Tyson Foods Shares Plummet in Face of Costs & Inflation

Food