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U.S., Japan Reach Agreement on American Beef Import Targets

U.S. Trade Representative Katherine Tai and Ag Secretary Tom Vilsack announced that the U.S. and Japan reached an agreement that will help keep more American beef flowing into Japan. 

The two countries agreed to increase the beef safeguard trigger level under the U.S.-Japan Trade Agreement. 

The Hagstrom Report says it’s now less likely that U.S. exports will reach the levels that trigger the safeguard provision allowing Japan to raise its tariffs. 

“This is a win-win for American ranchers and Japanese consumers,” says U.S. Ambassador to Japan Rahm Emanuel.

“It ensures stability for U.S. exports in the years ahead and that American beef can compete and win anywhere, anytime.” 

The agreement includes a new three-trigger mechanism, and all three must get hit for Japan put the safeguard in place and raise the beef tariff. 

It’s unknown when the agreement goes into effect because the text must get published, and Japan’s parliament must approve the agreement.

(Story Courtesy of the NAFB News Service)

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