US And Japan Reach Agreement On Tariffs
LINCOLN- The United States and Japan have reached an agreement in which Japan will eliminate or lower tariffs for certain U.S. agricultural products.
Governor Pete Ricketts says the agreement reduces Japan’s tariffs on beef, pork, corn, and other Nebraska-grown crops, which will help expand what is already Nebraska’s top market for ag exports. In 2018, Nebraska exported more than $1.1 billion of agricultural products to Japan. Last year, Japan bought more Nebraska beef, pork, wheat, and eggs than any other country.
Once this agreement is implemented, over 90 percent of U.S. food and agricultural products imported into Japan will either be duty free or receive preferential tariff access.