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Japan Mulls Slashing US Beef Tariffs
Wed Apr 9, 2014 03:45 PM CDT

TOKYO (Dow Jones) -- Japan is considering lowering levies on U.S. beef imports to the high single digits from 38.5% as part of Trans-Pacific Partnership negotiations, marking progress on breaking the deadlock between two key participants in the pact, The Nikkei reported in its Thursday morning editions.

The final details are being worked out, with a proposal to impose restrictions if imports skyrocket expected to be considered as well.

But Washington is seeking an even steeper drop, and opposition may come from Australia as well. Under a recent agreement with Australia, Japan will ratchet down its duties on frozen beef ...

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