Japan’s lead tariff negotiator was in Washington, D.C. this past week seeking to finalize details of the U.S.-Japan Trade and Investment Agreement that was recently announced by the White House. U.S. Meat Export Federation President and CEO Dan Halstrom was in Tokyo when the agreement was announced and notes a sense of relief in the number two value market for U.S. pork and beef exports.
U.S. red meat exports to Japan were put on a level playing field with other competing nations under the 2020 U.S.-Japan Trade Agreement, signed during the first Trump administration. Most pork is imported at zero tariff. While Japan’s beef tariff is currently the highest of any major import market at 21.6%, it is level with other suppliers and is scheduled to phase to 9% by 2033.
Comments