Corn Diplomacy: Japan Balances Trade with U.S. Auto Tariff Challenges

Japanese Prime Minister Shigeru Ishiba suggests increasing U.S. corn imports as a negotiation point in trade talks, while maintaining Japan's agriculture industry. Despite pressure on auto tariffs, Ishiba focuses on ethanol uses of corn. Talks continue as Japan seeks lifting of tariff burdens on its automobile sector.

In a strategic move to mitigate U.S. auto tariffs, Japanese Prime Minister Shigeru Ishiba proposed an increase in corn imports from the U.S. during ongoing trade negotiations. He emphasized that Japan will not compromise its agriculture industry to secure lower tariffs.

As trade discussions between Japan and the U.S. persist, corn is eyed as a potential non-contentious import option, with a focus on its use in ethanol production. This approach aligns with national interests and circumvents the farmer-sensitive issue of rice imports.

Japan's top trade negotiator, Ryosei Akazawa, remains firm on demanding the removal of all Trump-era tariffs, while seeking further talks. Meanwhile, Japan's auto industry feels the strain from tariffs, with Mazda reporting significant fiscal downturns.

(With inputs from agencies.)