Reported about 11 hours ago
Japanese Prime Minister Shigeru Ishiba has indicated that Japan may increase corn imports from the U.S. as part of ongoing trade discussions, while firmly stating that the country will not compromise its agricultural sector to secure lower tariffs on automobiles. Despite challenges in recent trade talks regarding tariffs, Japan sees the potential for using corn for ethanol fuel as a viable option. U.S. corn exports to Japan reached $2.8 billion in 2024, amid a significant decline in exports to China. Ishiba's remarks come as Japan pushes for a third round of negotiations later this month and insists on the elimination of all tariffs imposed by the previous U.S. administration.
Source: YAHOO