Source: SOUTHERN FARM NETWORK, 9/17/19

Japan will eliminate tariffs on U.S. wine imports as part of a trade agreement announced between the U.S. and Japan. Reuters says Japan will eliminate the tariffs on U.S. wine within five to seven years after the trade agreement goes into effect. Japan currently taxes wine at 15 percent per liter, and the trade agreement would cut the tariff by roughly 13 percent. Leaders of the two nations are expected to sign the agreement on the sidelines of the U.N. General Assembly meeting later this month.

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