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Thu, Jul

Trump Considers Tariff Strategy Targeting Japan's Rice Trade

Trump Considers Tariff Strategy Targeting Japan's Rice Trade

World Maritime
Trump Considers Tariff Strategy Targeting Japan's Rice Trade

A farmer gathers rice in a field in Tambasasayama, Japan. (Buddhika Weerasinghe/Bloomberg News)

A recent publication by Bloomberg highlights president Donald Trump’s threats to introduce new tariffs on Japan due to the country’s refusal to import U.S. rice.Trump expressed his frustration on social media, pointing out that despite Japan facing a significant rice shortage, they are not accepting american exports.

“They won’t take our RICE while having a massive shortage,” he tweeted on june 30. “We’ll just be sending them a letter; we value our long-standing trading relationship.” This latest move comes just days before the July 9 deadline when increased tariffs could affect numerous trading partners including Japan.

The trade discussions between U.S. and Japanese officials have been ongoing for several months but remain unresolved over contentious tariff issues and trade barriers.

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Japan has been advocating for relief from trump’s hefty 25% auto tariffs, arguing that these duties are severely impacting their automotive sector.However, the president has resisted this request by claiming that Japan does not import enough American vehicles.

For weeks now, Trump has hinted at sending letters outlining tariff rates to various U.S. trading partners as part of his strategy to negotiate deals en masse and penalize those perceived as uncooperative with the United States.

This tactic aligns with Commerce Secretary Howard Lutnick’s recent comments about finalizing trade agreements with around ten key U.S. partners while others may face imposed duties through letters.

this morning,White House Press Secretary Karoline Leavitt mentioned that negotiations were progressing with India and other nations ahead of the looming deadline for reinstating higher tariffs that had been temporarily paused for three months in April.

“The president will determine rates for many countries if they don’t engage sincerely in negotiations,” Leavitt stated while noting he would meet with his trade team this week regarding these matters.

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Original Source fullavantenews.com

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Original Source fullavantenews.com

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