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发表于 2019-10-8 10:22:00
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Japan-US Trade Agreement Q & A Beef, wine cheaper to consumers
The Japanese and US governments finally agreed on the conclusion of a trade agreement on the 25th. If the agreement goes into effect, tariffs on US beef and wine will fall and consumers will benefit. The aim and impact of the agreement are summarized in a Q & A format.
Q Japan-US trade agreements are trade agreements
such as the elimination and reduction of tariffs on agricultural and industrial products. Rules on digital trade, such as no tax on data exchange, were also established. The aim is to expand trade and lead to economic growth in both countries. It will take effect on January 1 next year.
Q The contents of the agreement are:
A. Tariffs on industrial goods for the United States, such as musical instruments and bicycles, will be reduced, making it easier for Japan to export. Meanwhile, tariffs on agricultural products such as beef imported from the US will be reduced. In supermarkets and other places, the reduction in tariffs is reflected in store prices, which seems to work positively for consumers. The tariff elimination rate is based on the trade value, with the Japanese side finally reaching about 84% and the US side about 92%.
Q Specifically, the tariffs on US products are
A. The tariffs on US beef have been reduced from 38.5% to 26.6%, the same as the member countries of the Trans-Pacific Strategic Economic Partnership Agreement (TPP). It is done. Eventually it will be 9% in the 15th year. In addition, tariffs on US wines are currently applied at the lower rate of 15% or 125 yen per liter. This will be gradually reduced and will be abolished in the seventh year. Q Is it not disadvantageous for Japanese farmers? A Not only minus. The staple food of rice was no longer subject to tariff elimination or reduction, and the US-made tariff-free quota was also forgotten. Japanese beef currently has a low tariff of 200 tons per year, but they have agreed to expand this. The export of Japanese beef is a tailwind.TPP ) will be reduced to 26.6%, the same as the member countries. Eventually it will be 9% in the 15th year. In addition, tariffs on US wines are currently applied at the lower rate of 15% or 125 yen per liter. This will be gradually reduced and will be abolished in the seventh year. Chairman Akio Toyoda stressed the agreement on the 26th, stressing that "welcomes to maintain and strengthen a free and fair trade environment". The US Trump administration was considering 25% additional tariffs on imports of automobiles from Japan and volume restrictions, but it was confirmed that such measures would not be activated during the conclusion of the agreement.
Q Abolition of Japan-made automobile tariffs
A The TPP, which the United States has withdrawn, said that it would eliminate 2.5% of tariffs on Japanese cars in the 25th year. However, Akio Toyoda, chairman of the Japan Automobile Manufacturers Association, stressed the agreement on the 26th, stressing that “welcomes to maintain and strengthen a free and fair trade environment”. The US Trump administration was considering 25% additional tariffs on imports of automobiles from Japan and volume restrictions, but it was confirmed that such measures would not be activated during the conclusion of the agreement.
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发表于 2019-10-8 10:21:00
