Japan considering soybean, rice concessions in US tariff talks, Yomiuri reports

Published 2025년 4월 23일

Tridge summary

Japan is contemplating increasing imports of soybeans and rice as a strategy in trade negotiations with the U.S., following President Donald Trump's imposition of tariffs that have led to market disruptions and recession concerns. The U.S. has accused Japan of market barriers in areas like automobiles and rice, and has demanded Japan to raise imports of meat, fish products, and potatoes. These negotiations come after Japan has faced 24% levies on its exports to the U.S., although these tariffs have been temporarily paused.

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Original content

Japan is considering increasing its soybean and rice imports as a concession in trade negotiations with the U.S. over President Donald Trump’s sweeping tariffs, Japan’s Yomiuri daily reported. With Trump’s trade offensive roiling markets and stoking recession fears, Japan is seeking to walk back his “reciprocal” tariffs and other duties imposed on Japan, along with dozens of countries. In their first round of bilateral talks on Wednesday, U.S. negotiators brought up automobiles and rice as areas where they said Tokyo puts up market barriers, and they demanded that Japan import more meat, fish products and potatoes, the newspaper said, without citing the sources for its information. Japan’s Cabinet Office could not immediately be reached for comment. Those trade barriers are cited in an annual report by the Office of the U.S. Trade Representative. Japanese media highlighted a White House photo of the 400-page report on the table at the talks in Washington. Trump unexpectedly ...

Source: Hellenic Shipping News