Overview

• Economy Minister Ryosei Akazawa reiterated that Japan will not sacrifice its agricultural sector in talks with the United States.
• President Trump threatened to impose new tariffs or send formal “letters” outlining higher duties if Japan does not boost American rice imports.
• Data show private firms imported 10,600 tonnes of staple rice in May—about 75% from the U.S.—and the June 27 tariff-free tender drew bids for 81,853 tonnes, including 25,541 tonnes from the U.S.
• The U.S. has paused its 24% reciprocal tariff on Japanese goods until July 9 while its 25% levy on Japanese cars remains in effect.
• Japan’s ruling Liberal Democratic Party must balance export relief against powerful farm constituencies ahead of the July 20 Upper House elections.