TOKYO -- Japan will permit low import tariffs on about 240,000 tons of American beef as part of the trade negotiations with the U.S., hoping to ink a deal by the end of September, Nikkei has learned.
The quota covers roughly 90% of the amount of American beef that Japan currently imports. Those shipments now face a 38.5% tariff, but the rate would fall gradually to 9% by fiscal 2033. The quota itself eventually would rise to 290,000 tons.
