Japanese Diet Approves US-Japan Beef Safeguard Trigger Deal

Japan’s Diet gave its final approval for a new beef safeguard trigger under the U.S-Japan Trade Agreement (see 2206030006), the Office of the U.S. Trade Representative said last week. Both the U.S. and Japan are now working to complete all remaining “domestic procedures” to officially implement the new trigger, which could reduce the possibility that U.S. beef exporters face higher tariffs when shipping to Japan (see 2203240020). “The Protocol will ensure our farmers and ranchers continue to have access to one of the world’s most dynamic markets,” USTR Katherine Tai said.