Japan agrees to beef safeguard for trade

The Upper House of Japan’s Diet announced on Nov. 22 that it approved a new protocol that amended the recent agreement by the United States and Japan to increase the Beef Safeguard Trigger level under the US-Japan Trade Agreement (USJTA). With the approval, the USJTA would feature a new three-trigger safeguard mechanism that would reduce the probability that Japan would impose higher tariffs in the future.

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