IMPORTED BEEF FROM THE U.S IN JAPAN TO SEE AN EMERGENCY TARIFF HIKE

Highlights –

• Imported beef from the U.S in Japan to see an emergency tariff hike.
• The tariff hike will be imposed starting later this week.
• The tariff is said to jump from 25.8% to 38.5% for a month under a bilateral trade agreement.
• Japanese consumption of U.S. beef has surged amid a drop in beef imports.

Japan agriculture ministry on Tuesday announced....