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Japan Weighs Soybean and Rice Concessions in U.S. Trade Talks

Negotiations continue as Japan considers import increases while U.S. tariffs on cars and other exports remain partially paused.

Arata Hirano prepares bowls of cooked California-grown Calrose rice to serve to customers at his restaurant Shokudou Arata in Tokyo, Japan, April 14, 2025. REUTERS/Kim Kyung-Hoon/File Photo
Japanese Prime Minister Shigeru Ishiba reacts as he speaks to reporters after a Japanese negotiator held ministerial talks at the White House regarding US tariffs, at the prime minister’s official residence in Tokyo, Japan, 17 April 2025. FRANCK ROBICHON/Pool via REUTERS/File Photo
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Overview

  • Japan is reportedly considering increasing soybean and rice imports as concessions in trade talks with the U.S., according to Yomiuri daily.
  • President Trump has touted 'big progress' in negotiations, though specific details remain undisclosed following an Oval Office meeting with Japan's lead negotiator.
  • The U.S. has paused most of its 24% tariffs on Japanese exports for 90 days, but a 10% universal rate and a 25% duty on automobiles remain in effect.
  • Finance Minister Katsunobu Kato and Treasury Secretary Scott Bessent are set to resume bilateral talks next week on the sidelines of global economic meetings.
  • Japan's domestic rice shortages and rising prices have already driven increased imports, a factor influencing its potential concessions in the ongoing trade discussions.