Trump threatens Japan with new tariffs, claiming it won’t buy America’s rice

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"Trump Threatens New Tariffs on Japan Over Rice Trade Dispute"

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President Donald Trump has announced his intention to impose higher tariffs on Japanese exports to the United States, citing Japan's alleged reluctance to purchase American-grown rice. In a post on Truth Social, Trump expressed frustration, stating, "They won’t take our RICE, and yet they have a massive rice shortage," emphasizing a long-standing trading relationship with Japan. However, Trump's assertion that Japan does not import U.S. rice is misleading, as trade data from the U.S. Census Bureau reveals that Japan imported $298 million worth of American rice last year, and $114 million between January and April of the current year. The situation remains ambiguous, as it is not clear whether Japanese officials have indicated any plans to cease rice imports from the U.S. during the ongoing trade negotiations. The absence of a prompt response from representatives of Japan’s embassy in the U.S. adds to the uncertainty surrounding this issue.

In the context of broader trade discussions, Trump has mentioned that his administration intends to notify foreign countries about potential new tariff rates following the expiration of a temporary "reciprocal" tariff pause that he implemented in April. This pause is set to end on July 9, which raises questions about the future of tariff rates impacting several countries, including Japan. Prior to the pause, Japanese exports faced a minimum tariff rate of 24%, but since it was enacted, they have been subject to a universal rate of 10%. As this situation develops, the implications for U.S.-Japan trade relations and the overall economic landscape remain significant, warranting close attention from stakeholders and policymakers alike.

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President Donald Trump is threatening to impose higher tariffs on Japanese exports to the United States over what he claims is the country’s unwillingness to buy American-grown rice.

“They won’t take our RICE, and yet they have a massive rice shortage. In other words, we’ll just be sending them a letter, and we love having them as a Trading Partner for many years to come,” Trump said in aposton Truth Social.

Trump’s claim that Japan “won’t take” rice from the US isn’t true. The country bought $298 million worth of rice from the US last year, according to US Census Bureau trade data. Between January and April of this year, Japan bought $114 million worth of rice.

However, it’s unclear if Japanese officials involved in ongoing trade negotiations between the two countries have said they will stop buying rice from the US in the future. Representatives from Japan’s embassy in the US did not immediately respond to CNN.

Trump has said recently that his administration plans to send some foreign countries letters advising them of what their new tariff rates could be, following the pause of his April “reciprocal” tariffs on US trading partners.

Trump’s Truth Social message comes with just days to go until the July 9 deadline when Trump’s 90-day pause on those “reciprocal” tariffs expires. It’s unclear what will happen to tariff rates for the dozens of impacted countries.

Before Trump announced the pause, Japanese exports were briefly subjected to a minimum tariff rate of 24%. Since the pause went in effect, they’ve been subject to the universal 10% rate.

This is a developing story and will be updated.

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Source: CNN