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).

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (formerly the Trans-Pacific Partnership) is now slated to go into effect on December 30

Now that the Trump administration has officially informed Congress that it intends to begin negotiations with Japan on a free trade agreement, anticipation is growing for a new deal that’s expected to significantly boost U.S. exports of beef, dairy, pork, rice and other commodities.

The Trump administration has formally announced to Congress that it intends to begin negotiating free trade agreements with Japan, the European Union and the UK.

The president revealed this week he has no intention of backing off the use of tariffs – not even with allies Mexico and Canada, who are retaliating with tariffs of their own on billions of dollars of U.S. agricultural goods.

Agriculture Secretary Sonny Perdue has an alternate plan to end the U.S. trade war with China and the Trans-Pacific Partnership is key to its success, the cabinet member and former Georgia governor told Agri-Pulse in an interview.