logo
Japan says it won't sacrifice farm sector after Trump complains about rice

Japan says it won't sacrifice farm sector after Trump complains about rice

The Star14 hours ago
This photo taken on June 4, 2025 shows a farmer preparing a transplanter vehicle before planting rice seedlings at a farm in the town of Sanjo, Niigata prefecture in northern Japan. Japan has been grappling with a doubling in rice prices due partly to a weather-driven poor-quality harvest in 2023 that caused a shortage last year. - AFP
TOKYO: Japan will not sacrifice the agricultural sector as part of its tariff negotiations with the United States, its top government spokesperson said on Tuesday (July 1), after President Donald Trump complained that its ally was not importing American rice.
Trump wrote in a social media post that Japan's reluctance to import American-grown rice was a sign that countries have become "spoiled with respect to the United States of America."
"I have great respect for Japan, they won't take our RICE, and yet they have a massive rice shortage," he wrote on Truth Social.
Japan has been grappling with a doubling in rice prices due partly to a weather-driven poor-quality harvest in 2023 that caused a shortage last year. The government has released almost its entire stock of emergency rice since March in an effort to bring prices down.
"We are not thinking about doing anything that would sacrifice the farm sector," Chief Cabinet Secretary Yoshimasa Hayashi told a press conference.
He, as well as farm minister Shinjiro Koizumi, declined to comment directly on Trump's post. Koizumi told a separate press conference that his ministry would continue to work with various ministries towards maximising Japan's national interests.
Under a "minimum access" agreement within the World Trade Organisation, Japan has an 770,000-tonne tariff-free import quota for rice, of which up to 100,000 tonnes is for staple rice. Beyond this, rice imports are subject to a levy of 341 yen (US$2.37) per kilogramme.
To continue in its efforts to lower domestic prices, the government had brought forward a tender for the first 30,000 tonnes of tariff-free staple rice imports earmarked for this year earlier than the usual auction in September.
Results of that tender, held on June 27, showed applications for 81,853 tonnes, or nearly three times as much as was auctioned. Of the total tendered, 25,541 tonnes was from the US, followed by 1,500 tonnes from Australia and 708 tonnes from Thailand. - Reuters
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LARGEST GROUP OF BODEGA OWNERS BACK INDEPENDENT MAYORAL CANDIDATE JOSEPH HERNANDEZ AT CAMPAIGN LAUNCH AS HE DEFENDS CAPITALISM AND REJECTS SOCIALIST POLITICS
LARGEST GROUP OF BODEGA OWNERS BACK INDEPENDENT MAYORAL CANDIDATE JOSEPH HERNANDEZ AT CAMPAIGN LAUNCH AS HE DEFENDS CAPITALISM AND REJECTS SOCIALIST POLITICS

Malaysian Reserve

time29 minutes ago

  • Malaysian Reserve

LARGEST GROUP OF BODEGA OWNERS BACK INDEPENDENT MAYORAL CANDIDATE JOSEPH HERNANDEZ AT CAMPAIGN LAUNCH AS HE DEFENDS CAPITALISM AND REJECTS SOCIALIST POLITICS

NEW YORK, July 1, 2025 /PRNewswire/ — Independent mayoral candidate Joseph Hernandez officially launched his campaign for Mayor of New York City today at a press conference in front of the New York Stock Exchange, calling for a return to public safety, affordability, and independent leadership across all five boroughs. Hernandez, a Cuban-American biotech entrepreneur and political outsider, was joined by supporters, community leaders, and the Bodega and Small Business Group, the largest organized network of bodega owners in the city, led by its founder and president Francisco Marte. The group announced their official support for Hernandez's candidacy. The National Supermarket Association, a major voice for independent grocery store owners, also attended and expressed their support for Hernandez's pro-business, pro-community agenda. 'New York City became the center of the world because it welcomed strivers, risk-takers, and builders—not bureaucrats and ideologues,' said Hernandez. 'Socialism has no place in a city built on ambition, hustle, and opportunity. We must protect and empower the people who keep this city running: the small business owners, the workers, and the families who believe in the promise of New York.' Speaking alongside Hernandez, Francisco Marte emphasized the urgency for change and the importance of leadership that understands the city's small business economy. 'Our bodega owners work hard every day to serve their neighborhoods, but we're being crushed by crime, taxes, and neglect,' said Marte. 'We need a mayor who understands what it means to run a business and keep a community safe. Joseph Hernandez is that leader, and the Bodega and Small Business Group is proud to support his campaign.' With the symbolic backdrop of Wall Street, Hernandez drew a sharp contrast between his campaign and the growing influence of socialist politics in New York. 'This campaign is about restoring common sense to city government and putting working New Yorkers first,' Hernandez added. 'We need leadership that rewards hard work, supports entrepreneurship, and brings people together to solve real problems, not divide us with tired ideologies.' Joseph Hernandez will appear on the general election ballot this November as an independent candidate for Mayor of New York City. About Joseph Hernandez:Joseph Hernandez is a Cuban-American biotech entrepreneur and independent candidate for Mayor of New York City. A refugee and the son of a political prisoner, he immigrated to the U.S. at age seven and built a nationally recognized career founding healthcare companies and advancing public health innovation. He is running to restore safety, affordability, and accountability to New York City leadership. For more information, visit

Fed Chair Powell sticks to wait-and-see stance on interest rates
Fed Chair Powell sticks to wait-and-see stance on interest rates

The Star

timean hour ago

  • The Star

Fed Chair Powell sticks to wait-and-see stance on interest rates

NEW YORK, July 1 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated his wait-and-see stance on interest rates while admitting that the Trump administration's tariffs prevented the Fed from lowering interest rates early. "As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be," said Powell at the European Central Bank (ECB) Forum on Central Banking in the Portuguese resort town of Sintra. U.S. inflation is likely to go up later this summer despite uncertainties on the timing and magnitude of price increase from the duties, according to Powell. The Fed would have already cut interest rates in 2025 if not for the shockwaves from tariffs announced by U.S. President Donald Trump, according to Powell. "In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs," said Powell. The Fed has kept the target of federal funds rates unchanged at 4.25 percent to 4.5 percent this year. The Fed's wait-and-see mode has drawn fierce criticism from Trump, who has urged lowering interest rates to reduce the U.S. burden of paying interest on hefty debts. Powell and the entire Board of Governors of the Federal Reserve System should be ashamed of themselves for not cutting interest rates, according to Trump's post on social media on Monday. "The Board just sits there and watches, so they are equally to blame," added Trump.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store