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Japanese officials are considering a new tariff on imported pork products from the United States in an attempt to reduce Japan's reliance on U.S. pork.

Japanese officials are considering a new tariff on imported pork products from the United States in an attempt to reduce Japan's reliance on U.S. pork. Due to political pressure, the U.S. International Trade Representative's (ITR) office is also considering a new tariff on imported steel from Japan. Officials in both Japan and the United States must assess the social welfare ramifications of their tariff decisions. Reports from a reliable think tank indicate the following. The numbers in the table represent the benefits for each country from an outcome. The first number represents the benefits for the U.S. and the second number represents the benefits for Japan.

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