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ECONOMY > Trade

Japan allegedly agreed to import U.S. corn to head off additional auto tariffs

Sunday’s Nikkei carried a column by a former Washington correspondent who claimed that Japan agreed to import as much as 2.75 million tons of U.S. corn for animal feed separately from the trade deal in a bid to dissuade President Trump from imposing additional duties on Japanese auto imports. The author asserted that the Japanese side decided to purchase U.S. corn to help President Trump win over voters in Iowa, where corn is a major commodity. According to a number of public opinion polls, President Trump’s disapproval ratings exceed his approval ratings in Iowa and other “corn belt” states. The columnist pointed out, however, that it remains unclear whether the President has actually agreed not to raise tariffs on Japanese auto imports.

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