In Japan, the Japan Times reported that Japan is considering increasing its soybean and rice imports as a concession in trade negotiations with the U.S. over President Donald Trump’s sweeping tariffs.
The report noted that Trump unexpectedly brought Japan’s lead negotiator, Economic Revitalization Minister Ryosei Akazawa, into the Oval Office and touted “big progress” after the talks.
Japanese products imported to the U.S. had been hit with 24% levies, although these rates, like most of Trump’s tariffs, have been paused for 90 days.
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Category: Food & Agriculture