Japan to hike tariffs on U.S. beef after FY imports close to restrict -Kyodo

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Japan to hike tariffs on U.S. beef after FY imports close to restrict -Kyodo

TOKYO, March 16 (Reuters) - Japan is about to quickly impose greater tariffs on U.S


TOKYO, March 16 (Reuters)Japan is about to quickly impose greater tariffs on U.S. beef with imports for the fiscal yr ending this month anticipated to exceed the utmost quantity, Kyodo Information reported.

It could be the primary time for the safeguard measures to be imposed on U.S. beef since August 2017, Kyodo stated.

Japan has imported greater than 233,112 tonnes of U.S. beef as of the top of February, simply shy of the utmost 242,000 tonnes agreed for this fiscal yr, Kyodo stated.

With the safeguard measures, the tariff would rise to 38.5% from 25.8% for 30 days, it stated.

(Reporting by Chang-Ran Kim; Modifying by Tom Hogue)

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