If Trump would have stayed in TPP this tariff couldn't take place #ThanksTrump
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Beef tariff comes after Trump named Japan as one of the countries contributing to U.S. trade deficit
Japanese officials said the tariff increase, the first such step in 14 years involving beef, was mandated under a framework that took effect following a 1994 global trade deal. The framework was to be scrapped under the Trans-Pacific Partnership, a proposed 12-nation trade deal that included the U.S. and Japan. Mr. Trump formally pulled the U.S. out of the TPP before it was submitted to Congress for approval.
The higher beef tariff will likely reduce American beef exports, boost the U.S. trade deficit with Japan, and ?harm our important bilateral trade relationship with Japan on agricultural products,? U.S. Agriculture Secretary Sonny Perdue said in a statement.
The U.S. Meat Export Federation said Japan?s action would have negative implications for both U.S. beef producers and Japanese restaurant chains that rely on frozen American beef. The group ?will work with its partners in Japan to mitigate the impact? of the move, Chief Executive Philip Seng said.
While not entirely unexpected, Tokyo?s move struck a nerve in Washington, where Trump officials have spent months finalizing a small but widely hailed opening for some U.S. beef exports to China.
https://www.wsj.com/articles/japan-s...eef-1501224760