Japan will raise tariffs on frozen beef imports from America

Japan will raise tariffs on frozen beef imports from America

On Friday, Japan's Ministry of Finance told that the Asian country will increase tariffs on frozen beef imports from the USA as well as other countries from August for the purpose of protecting domestic producers.

Tariffs on frozen beef are going to leap to 50% from the current reading of 38.5% between August 1 and the end of March 2018, as a safeguard measure to protect domestic farmers is being triggered, as the ministry told.

The expected tariff soar potentially threatens a considerable sector of America’s access to the biggest Asian market for American beef overall, as Donald Trump is doing his best to expand US exports to Japan. The previous year US frozen beef exports to Japan accounted for more han $400 million.

The tariff hike will heavily affect gyudon beef bowl restaurants, greatly relying on American frozen beef cuts as a major ingredient.

Japanese Finance Minister Taro Aso added that Japan’s authorities have been contacting affected nations, including the USA just to explain the measure.


ECB will estimate health of bank credit

Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera