Japan approves its beef safeguard under trade agreement; reduce tariffs, increase demand

Japan approves its beef safeguard under trade agreement; reduce tariffs, increase demand

Japan has approved its revised safeguard on US beef, which could prevent higher tariffs and increase demand.

The updated threshold level will use a new, three-trigger safeguard mechanism to help reduce the probability that Japan will impose tariffs and help US exporters to better meet demand

The Upper House of Japan’s Diet approved the Protocol Amending the US-Japan Trade Agreement Tuesday after it was signed with the US Trade Representative in June.

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