Japanese Rice Imports

In a recent article by Nikkei Asian Review, Japan could concede 50,000 tons on rice to placate US”, Japanese and U.S. lawmakers tried to close the deal on rice. The U.S. is holding fast on its proposal to export 175,000 tons of duty free rice to Japan. Japan has set aside 70,000 tons of rice imports from the U.S. but is considering allocating 50,000 tons more in hopes to appease the U.S.. How will these trade talks affect the relationship between these two countries? How would the increase in rice imports affect rice prices in Japan? Can Japan and the U.S. come to a consensus?

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