Source: MORNING AG CLIPS, 7/29/17

The Japanese government said Friday it will impose emergency tariffs on frozen beef from the United States and other regions, widely used in fast food, from August due to soaring shipments. Japan will raise tariffs on the product from the current 38.5 percent to 50 percent until March 2018. It is the first time in 14 years that Japan has taken the emergency measures on U.S. beef imports, a decision likely to irk Washington.

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