Tariff on Agricultural Imports in Japan

 Tariff Implemented on Agricultural Products in Japan 

    Japan has implemented a tariff on all major agricultural imports, beef, rice, wheat, pork, dairy, and sugar. The main goal of this terrific is to protect domestic producers of agricultural goods from the competition of cheaper imported goods. Putting a tariff on agricultural imports allows domestic producers to sell their goods for a better price than the imported goods. Domestic farmers can compete in the market against international producers through lower prices, which results in a higher demand for their products. Foreign farmers will have worse margins on goods they import to Japan. A tariff on imported agricultural goods will likely cause a decrease in the number of agricultural goods being exported to Japan. Producers would rather send their goods to a nation where they can make a greater profit. As a result of fewer competition for domestic producer, their profits will increase. The government is doing this to maintain domestic production of its main agricultural goods. By putting a tariff on its main agricultural goods Japan is able to help its domestic producers combat decreasing prices. 



Comments

  1. Dr. Q January 2, 2022 at 4:31 PM

    What are the effects on domestic consumers? Government revenues? World efficiency?

    ReplyDelete

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