Beef and pork stole much of the spotlight when President Donald Trump and Japanese Prime Minister Shinzo Abe signed off on a trade pact last week, but many of the U.S. winners will be American specialty crop farmers.
White House officials are telling the U.S. ag sector that they are going to win big in the miniature trade pact announced on Aug. 25 after Presidents Donald Trump and Shinzo Abe met on the sidelines of the annual G7 summit, but details are either not being divulged or haven’t yet been nailed down, government and industry sources tell Agri-Pulse.
Unless the U.S. and Japan move quickly in promised trade talks, American wheat farmers stand to take significant hits in exports thanks to the swiftly approaching start of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
It was difficult for much of the U.S. ag sector to watch as President Donald Trump pulled the U.S. out of the Trans-Pacific Partnership (TPP) about 10 months ago and now the pain is sharpening as the remaining 11 countries appear to be on the verge of ratifying the massive trade pact without one of the founding members.
Washington, Oct. 4, 2017 – The U.S. needs to improve trade relationships with Pacific Rim countries where competitors like Australia and the European Union have advantages over U.S. exporters, Agriculture Secretary Sonny Perdue said today. Japan is the first target for new bilateral talks, Perdue stressed.