Trump Threatens Japan with Higher Tariffs Over Rice Trade Dispute

Date:

President Donald Trump has issued a warning to Japan, threatening to raise tariffs on Japanese imports to the United States, citing Japan’s refusal to buy American-grown rice.In a post on Truth Social, Trump claimed, “They won’t take our RICE, and yet they have a massive rice shortage. We’ll be sending them a letter, and we’ve enjoyed having them as a trading partner for many years.”However, data from the US Census Bureau contradicts Trump’s assertion. Japan purchased $298 million worth of American rice last year, with $114 million imported from January to April this year alone.It remains unclear if Japanese officials currently involved in trade talks have indicated any intention to stop buying US rice. Representatives from Japan’s embassy in Washington did not immediately respond to requests for comment.A 2021 report by the Office of the United States Trade Representative, issued during the Biden administration, highlighted Japan’s complex and opaque rice import system, which restricts US exporters’ access to the Japanese market. A source familiar with Trump’s perspective told CNN this was likely the issue behind his recent comments.Trump has also mentioned plans to notify some foreign countries about potential new tariff rates, following a pause earlier this year on his so-called “reciprocal” tariffs. Japan was specifically named as a candidate to receive such a letter.In a Fox News interview aired Sunday, Trump said, “Dear Mr. Japan, here’s the story: You’re going to pay a 25% tariff on your cars.”The president’s post comes just days before the July 9 deadline when the 90-day suspension of reciprocal tariffs is set to expire. It is still uncertain how tariff rates on many countries will be affected.Prior to the suspension, Japanese exports faced a minimum tariff of 24%. Since the pause, they have been charged a universal 10% rate.White House National Economic Council Director Kevin Hassett said Monday that discussions with Japan are still underway.“Nothing is over,” Hassett told reporters. “I know what the president posted, but talks will continue until the last moment. Even if we reach a framework agreement, there will still be details to finalize.”

পূর্ববর্তী নিবন্ধ
পরবর্তী নিবন্ধ

একটি উত্তর ত্যাগ

আপনার মন্তব্য লিখুন দয়া করে!
এখানে আপনার নাম লিখুন দয়া করে

Share post:

spot_imgspot_img

Popular

More like this
Related

Bitcoin Falls Nearly 2% as Renewed US-Iran Tensions Weigh on Crypto Market

Bitcoin fell nearly 2% to drop below $62,800 as intensifying geopolitical tensions between the United States and Iran dampened investor appetite for digital assets.

More Than 10,000 Die Across Europe as Extreme Heatwave Sweeps Continent

A deadly June heatwave claimed over 10,000 lives across Europe, primarily impacting those aged 65 and above, as Copernicus confirms record-shattering regional temperatures.

Trump Reimposes Naval Blockade on Iran, Seeks 20% Fee for Hormuz Protection

US President Donald Trump announced a naval blockade on Iran and a 20% security fee on transit cargo through the Strait of Hormuz, escalating tensions after recent military clashes.

Up to 1.6 Million Migrants Could Qualify for Faster UK Settlement After Policy Reversal

The UK is preparing to scrap a proposal extending the ILR wait to 10 years for post-Brexit migrants, keeping the 5-year permanent residency route for 1.6 million people.