Japan to hike tariffs on frozen beef imports from U.S., others
Japan's Ministry of Finance (MOF) said on Friday the country will raise tariffs on frozen beef imports from the United States and other countries from August to protect domestic producers. Tariffs on frozen beef will jump to 50 percent from the current 38.5 percent between Aug. 1 and the end of March next year, as a "safeguard" mechanism to protect domestic farmers is being triggered, the ministry said in a statement.
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