The United States and Japan have reached a trade agreement on agricultural and industrial tariffs and digital commerce, signed by President Trump and Japanese Prime Minster Abe Sept. 25.
Under the agreement, Japan will place the same level of agricultural tariffs on U.S. goods as it places on other countries through trade agreements. By way of example, the 38.5% tariff on U.S. beef will fall to the 26% placed on beef from Australia, Canada and the European Union. Some other foods such as duck, geese, turkey peaches, melons and more would enter duty-free.
“Japan is a top export destination for Ohio grains and meat and we are encouraged that a deal has been made to expand access to their market,” said Jon Miller, president of the Ohio Corn & Wheat Growers Association. “Japan is also an important market for future ethanol exports and we look forward to providing them a clean-burning, high-octane fuel.”
It may take effect as early as Jan.… Continue readingRead More »