Japan considers increasing imports of soybeans and rice from the US

Published 2025년 4월 22일

Tridge summary

Japan is contemplating increasing imports of soybeans and rice as a negotiating strategy in discussions with the United States to counter President Donald Trump's tariffs. These talks aim to revise the "retaliatory" tariffs and duties imposed on Japan and other countries. In the initial negotiations, the U.S. pushed for Japan to remove market barriers in autos and rice, and to raise imports of meat, fish, and potatoes. Japan has faced a 24% tariff on its exports to the U.S., although it has been temporarily suspended for 90 days, and a 10% and 25% tariff on autos. The country's trade minister has requested that the U.S. prioritize its demands. Indonesia and Pakistan have also increased their soybean supplies from the U.S. under similar circumstances.

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Original content

Japan is considering boosting imports of soybeans and rice as a trade concession in talks with the United States over President Donald Trump’s massive tariffs, Reuters reports. As Trump’s trade aggression has roiled markets and fueled fears of a recession, Japan is seeking to roll back “retaliatory” tariffs and other duties imposed on Japan and dozens of other countries. In the first round of bilateral talks on Wednesday, U.S. negotiators raised autos and rice as areas where they say Tokyo is imposing market barriers, and demanded that Japan import more meat, fish and potatoes, the newspaper reported, without citing sources. Japan has been hit with 24% tariffs on its exports to the United States, though those rates, like most of Trump’s tariffs, have been suspended for 90 days. The blanket 10% rate remains in place, as does a 25% tariff on autos, the backbone of Japan’s export-dependent economy. According to the publication, the country’s trade minister asked the American team ...

Source: UkrAgroConsult