Japan maintains a 777% tariff on imported rice, as well 252% on wheat, 360% on butter, 320% on sugar, and 38.5% on beef. As a result, Japanese consumers have to pay some of the highest prices in the world for basic foods. Now, Japanese industry groups are urging the government to reduce tariffs in return for greater market access to big economies such as the U.S. Japanese farmers, however, are terrified that dismantling the tariffs will lead them to ruin.
Japan’s Farmers Oppose Pacific Free-Trade Talks - NYTimes.com
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