In this file:
· Trump took something from America's cattlemen, and now they want it back
· Grassley Says Trade Deals Top of Mind With Ag Community
Trump took something from America's cattlemen, and now they want it back
US beef industry was set to win big with the Trans-Pacific Partnership
President Trump killed the Trans-Pacific Partnership
Cattlemen want a new deal with Japan that's just as good
Ylan Mui, CNBC
Apr 18, 2017
One question loomed large Tuesday during the vice president's first diplomatic mission to Japan: Where's the beef?
Take that literally: The $60 billion U.S. beef industry was one of the most ardent backers of the now-defunct free trade agreement known as the Trans-Pacific Partnership. That sweeping deal covered a dozen nations along the Pacific Rim, but the big prize for the United States was improved access to the 127 million consumers in Japan.
That is, until President Donald Trump formally withdrew from the agreement on his fourth day in office. On Tuesday, Vice President Mike Pence called TPP "a thing of the past."
"The United States seeks stronger and more balanced bilateral trade relationships with every country, including Japan," Pence said. "Our goal is simple: We seek trade that is free, and we seek trade that is fair."
Commerce Secretary Wilbur Ross — the administration's point person on trade — joined Pence in Tokyo for bilateral trade talks with Japan's deputy prime minister and other senior officials. Pence emphasized the role of Japanese investment in the United States in creating jobs and fostering economic growth. But some tensions remain: The Treasury Department last week said it is "monitoring" Japan's currency practices amid the large trade deficit.
"I'm not sure Japan will be that interested" in a new deal, said Miriam Sapiro, who served as acting U.S. trade representative under President Barack Obama and is now a partner at PR firm Finsbury. "Some concessions that Japan made because the U.S. asked might not make sense in a bilateral agreement."
For the beef industry, the stakes are particularly high. Japan's tariff on U.S. beef was slated to drop from 38.5 to 9 percent over the next 16 years under TPP. Now producers are pushing the administration to deliver terms that are at least as favorable.
"That's the greatest market access ever negotiated — so far," said Kent Bacus, director of international trade at the National Cattlemen's Beef Association, a trade group. "We're hopeful that the new administration will be able to strike a bilateral deal very soon and either improve upon that or at least get us the 9 percent that TPP would have offered."
'We sell everything but the moo' ...
Grassley Says Trade Deals Top of Mind With Ag Community
Radio 570 WNAX (SD)
Apr 19, 2017
During the recent Congressional recess, Iowa Senator Chuck Grassley has been holding town meetings across the state. He says the top agricultural concern he’s hearing about is the need for trade agreements.
He says with the United States no longer involved in the Trans Pacific Partnership or TPP, it’s essential the U.S. move forward with a bilateral trade deal with Japan. And there’s a real urgency now that Japan is taking the lead on a TPP agreement and moving forward without the U.S.
Grassley is hoping that a final bilateral pact with Japan includes...
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