Trump Threatens Tariffs on Japan Over Rice Exports
President Donald Trump warned Japan of new tariff rates due to their reluctance to accept US rice exports. The deadline for higher levies is approaching, with Trump signaling plans to finalize deals with multiple countries.
United States President Donald Trump threatened to send Tokyo a letter with a new tariff rate days before higher levies restart for trading partners, including Japan. Trump criticized Japan for not accepting US rice exports. The US rice industry association stated that Japan is the second biggest market for US milled rice exports. Trump imposed a 10% tariff on imports in April, with higher rates paused for negotiations. The pause ends on Jul 9, and if agreements are not reached, the elevated rates will apply. Only two pacts have been announced so far. National Economic Council director Kevin Hassett mentioned that Washington is close to finalizing multiple agreements. Lawmakers aim to pass a major bill by Jul 4.
According to the source: CNA.
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