Japan’s frozen beef imports during the first quarter (April 1-June 30) of Japan’s fiscal year, from the United States and other countries covered under Japan’s “safeguard” mechanism, were large enough (by a margin of just 113 metric tons) to trigger an increase in the duty charged on imports of frozen beef from these countries. The rate will increase from 38.5 percent to 50.0 percent for the remainder of the current fiscal year (through March 31, 2018).
USMEF summarized the triggering of the safeguard and its potential impact on U.S. exports and Japanese customers in this news release.
Additional information on Japan’s imports of U.S. beef and possible implications of the safeguard are available in this brief USMEF fact sheet.
UPDATE: While August U.S. frozen beef exports to Japan remained strong and showed little effect from the tariff rate increase, it is important to note that more time is needed to assess the true impact on demand.
USMEF President and CEO Philip Seng is handling all interview requests on this topic. If you receive such a request, please email Joe Schuele at email@example.com or call 303-547-0030.