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Shining Light on Farm & Food Policy for 20 Years.
Friday, August 30, 2024
The U.S. and Japan have reached a deal that would make it less likely that the Japanese safeguard trigger will boost tariffs on U.S. beef, as it has done in the past.
U.S. beef exports to Japan have been so strong that they set off a “safeguard trigger” designed to protect domestic producers by increasing the country’s tariff level.
U.S. beef exports to Japan have been very good in recent months — maybe too good. The Japanese have imported so much U.S. beef, it’s looking like they will hit a “safeguard trigger” designed to protect domestic producers with a tariff.