Ag Report: United States, Japan agree on limited trade deal benefiting farmers

Posted at 9:07 AM, Sep 26, 2019
and last updated 2019-09-26 18:19:50-04

President Donald Trump and Japanese Prime Minister Shinzo Abe have signed a limited trade deal, cutting tariffs on United States farm goods, Japanese machine tools, and other products.

President Trump says the first-phase deal would open up Japanese markets to some $7 billion worth of U.S. products annually, cutting Japanese tariffs on American beef, pork, wheat, and cheese. Japan has agreed to eliminate tariffs on a number of U.S. exports, including almonds, blueberries, and sweet corn.

U.S. Secretary of Agriculture Sonny Perdue said "this agreement... Is a particularly big win for our farmers and ranchers."