Trump Threatens Japan with Higher Tariffs Over Rice Shortage
(MENAFN) US President Donald Trump announced on Monday that Japan will soon be expected to take "our rice" as part of new trade conditions. He revealed that a formal letter would be sent to Japan outlining new tariff measures aimed at slapping higher tariffs on imports.
"To show people how spoiled Countries have become with respect to the United States of America, and I have great respect for Japan, they won’t take our RICE, and yet they have a massive rice shortage," Trump posted on Truth Social. "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," he added.
This announcement came on the heels of the president’s prior remarks regarding the dispatch of letters, which will clarify the upcoming trade rules and tariff adjustments.
"What I want to do is, and what I will do just sometime prior to the ninth (of July), is we will send a letter to all these countries," Trump stated during an interview with a news agency that aired Sunday.
Earlier this year, the US suspended specific ad valorem tariff rates for various countries, including Japan, until July 9, when those exemptions are set to expire. The European Union is also facing the same deadline.
Trump explained that these letters would outline the conditions for foreign countries wishing to access US markets.
"We will send a letter, and we will say 'We were considered a great honor, and this is what you will have to do to shop in the United States ... We wish you a lot of luck,' and that is the end of the trend," Trump remarked.
Japan is currently grappling with a rice crisis, as the cost of rice surged by 101.7% year-on-year in May, contributing to an inflation spike of 3.7%, the highest level in two years. This surge in prices has forced Japan to import rice from South Korea for the first time in several years.
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