Saturday, May 18, 2019

Trade War Concerns Overblown

Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday.
The news comes on the heels of other important trade developments on Friday, including the Trump administration’s plans to delay auto tariffs on the EU and Japan and lift steel tariffs on Canada and Mexico.
Japanese farm trade groups have long used dishonest methods to discourage imports of food; that Japan is rethinking beef restrictions now that BSE is past is a sign that Trump has not started a trade war--except with China.

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