National Ag News
Beef industry watching Japan safeguard and increased tariff risk
Jul 10, 2017, 16:29 PM
by
System
A livestock market analyst says the beef industry could see an increase in Japan’s import duties on frozen beef.
University of Missouri’s Scott Brown says Japan’s import safeguard provision is triggered when imports during the quarter exceed the year-ago volume by more than 17 percent.
He says all eyes will be on Japan’s import data for June which comes out later this month. “For us in particular we can talk about a tariff that is about 38.5 percent on frozen beef going in to Japan increasing to 50 percent,” he says.
