Reports are Japan is considering cutting U.S. beef import tariffs to less than 10-percent from the current 38.5-percent level as part of the Trans-Pacific Partnership negotiations. This cut would be bigger than the one negotiated recently with Australia. Along with this proposal – Japan is considering imposing restrictions – if U.S. beef imports increase considerably due to the decreased tariff. The U.S. still has various ag sectors it wants Japan to open – so there is still considerable distance between U.S. and Japan on TPP negotiations.
Negotiators hope to have the deal wrapped up by the end of the yearShare