Japanese Market Expansion Act

[AI summary unavailable — showing source text] Japanese Market Expansion Act - Imposes an equity fee upon passenger automobiles imported from Japan, unless the Secretary of Agriculture finds and certifies to Congress that Japan has: (1) removed all quotas on fresh, chilled, and frozen U.S. beef; (2) removed all quotas on fresh, chilled, and frozen U.S. fruits and/or fruit juices; and (3) reviewed all nontariff barriers on fresh, chilled, frozen, and preserved U.S. vegetables and has taken significant action to bring the import standards applied to such products into conformity with those applied by other nations for like products. Requires that such fee shall be equal to ten percent of the value of the automobile. Declares that the equity fee shall continue until the Secretary certifies to Congress that Japan has removed its quotas and nontariff trade barriers.…