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Trump tariffs: Why rice is key in US–Japan trade talks
Japan's Nikkei 225 Index (^N225) ended the trading day lower as US President Trump threatens to add tariffs on Japan while trade talks stall. Interactive Brokers chief strategist Steve Sosnick sits down with Brad Smith to discuss US–Japan trade relations and the important role that Japan's rice industry plays in tariff talks.
Japan wary of Trump's rice push with auto tariffs still up in the air
It means that a tariff of 341 yen ($2.4) per kilogram of rice will remain in place for now, a rate that has been in place since Japan opened its market in 1999 and allowed importers to bring in rice as long as they pay a 341-yen tariff per kilo.
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Tariffed rice imports soared to 10,605 tons in May 2025, a dramatic increase from just 115 tons a year earlier and more than ...
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