In this file:
· President Trump Signs the U.S. Japan Trade Agreement
· U.S.-Japan trade deal aims to put U.S. farmers on par with Trans-Pacific trade pact competitors
· NCBA: Statement on Trade Agreement with Japan
· Montana beef declared winner in U.S.-Japan trade deal
· AFBF Praises the Signing of the US-Japan Trade Agreement
President Trump Signs the U.S. Japan Trade Agreement
By RFD-TV News
Oct 07, 2019
WASHINGTON (AP) — President Donald Trump is scheduled to sign a limited trade agreement Monday with Japan, a deal that would win back benefits American farmers lost when Trump pulled out of a broader Asia-Pacific pact his first week in office.
U.S. farmers have been operating at a disadvantage in Japan since Trump withdrew from the Trans-Pacific Partnership agreement, which had been negotiated by the Obama administration. The other 11 Pacific Rim countries, including big farm producers such as New Zealand and Canada, went ahead without the United States and were enjoying preferential treatment in Japan.
While rewarding American farmers, the new U.S.-Japan mini-deal does not resolve differences over trade in autos. Trump has said the two countries continue to work on a more comprehensive agreement.
The limited trade pact also includes market-opening commitments on $40 billion worth of digital trade between the two countries...
U.S.-Japan trade deal aims to put U.S. farmers on par with Trans-Pacific trade pact competitors
Reporting by David Lawder; Editing by Peter Cooney, Reuters
Oct 7, 2019
WASHINGTON (Reuters) - The new U.S.-Japan trade deal will provide staged reduction of Japanese tariffs for more than $2 billion worth of U.S. beef and pork, matching access now granted to the 11 Trans-Pacific Partnership trade pact countries, a text of the agreement shows.
U.S. President Donald Trump presided over a White House signing ceremony on Monday for the final text of the limited bilateral trade pact, more then 2-1/2 years after he pulled the United States out of the much broader TPP.
The move left U.S. farmers and food producers at a disadvantage in the Japanese market to competitors from Australia, New Zealand and Canada, and the U.S.-Japan deal aims to even that playing field by cutting Japanese tariffs on many of those products.
The U.S. Trade Representative’s office said the pact would immediately eliminate Japan’s tariffs on U.S. food and agricultural imports valued at about $1.3 billion per year, including almonds, blueberries, cranberries, walnuts, sweet corn, lactose, milk albumin, grain sorghum, food supplements, broccoli and prunes.
It said an additional $3 billion worth of products would benefit from staged tariff elimination, matching access conditions in the TPP. That group includes processed pork, beef offal, frozen poultry...
Statement on Trade Agreement with Japan
Jennifer Houston, President, National Cattlemen’s Beef Association (NCBA)
Source: NCBA - Oct 7, 2019
WASHINGTON (October 7, 2019) –National Cattlemen’s Beef Association (NCBA) President Jennifer Houston today issued the following statement after attending a White House ceremony in honor of the bilateral trade agreement between the United States and Japan that will lower Japan’s massive tariffs on U.S. beef.
“I was deeply honored to attend the ceremony at the White House where we celebrated a bilateral trade agreement with Japan. As the top market for U.S. beef exports, Japan accounts for one quarter of our exports and roughly $2 billion in annual sales. As a beef producer, I understand the value of exports to my bottom line, and President Trump understands that increased access to foreign markets like Japan is the economic stimulus we need. We are grateful for President Trump’s leadership and for the hard work of our trade negotiators who fought hard to strengthen our access to the Japanese market. Because of their efforts, future generations of American ranching families will benefit from trade with Japan.”
Houston hailed today’s announcement as an important step forward for the U.S. beef industry.
“For the past few years, U.S. beef producers have benefitted greatly from growing demand for U.S. beef in Japan. While Japanese consumers enjoy high quality U.S. beef, they unfortunately pay a higher price for U.S. beef due to the massive 38.5 percent tariff. Removing that tariff allows more Japanese consumers to enjoy more U.S. beef at a more competitive price. Today’s announcement is welcome news for American families who produce U.S. beef and Japanese families who purchase it.”
In 2018, Japanese consumers purchased $2.07 billion of U.S. beef. Currently, U.S. beef faces a massive 38.5 percent tariff in Japan, while our competitors from Australia, Canada, Mexico, and New Zealand face a 26.6 percent tariff. Leveling the playing field in Japan is a top priority for the National Cattlemen’s Beef Association.
Montana beef declared winner in U.S.-Japan trade deal
By Tom Lutey, Billings Gazette (MT)
Oct 7, 2019
The U.S.-Japan trade agreement signed Monday by President Donald Trump should deliver several million dollars in beef prices for Montana, the Montana Stockgrowers Association said.
Fred Wacker, MSGA president, who was at the White House for the signing ceremony, said cattle prices had already increased on news that the deal would be signed.
Trade organizations, like the National Cattlemen's Beef Association noted that beef appeared to be the big winner among agriculture interests included in the limited agreement. Japan’s tariff on U.S. beef is 38.5%, which will decrease gradually to 9% by 2033. The reduction is on track with tariff cuts guaranteed to Australia and Canada under the Trans Pacific Partnership, a multi-nation trade deal the U.S. abandoned in 2017.
Japan is the biggest foreign buyer of U.S. beef and ranchers shut out of TPP had watched with noses pressed against the glass as competitors who stuck with the deal saw benefits.
“This is the largest beef trade that has ever been done in the U.S,” Wacker, who ranches near Miles City, said in a phone call after the signing. “This thing is going to benefit us in so many ways. It’s going to do the same thing for the grains, corn and wheat. Everyone in that room was smiling.”
Japan bought $1.09 billion in the U.S. beef for an eight-month period ending in August, the U.S. Meat Export Federation reported. It was a 9% drop as TPP partners began seeing benefits of the 11-nation agreement the United States initiated, but later abandoned as a surge of populism swept the country in 2016.
Similarly, U.S. pork sales to Japan had declined 5% to $1.07 billion in the first eight months of the year. Montana pig farmers told Lee Montana Newspapers in August that tariffs in Japan and an outright ban on U.S. pork by China, was eroding profits. The value of the U.S. pork in Asian markets had fallen sharply and 26 Montana hog farms were ranked in the top 30 recipients of U.S. Market Facilitation Program, which pays farmers for trade war losses. In 2018, 64 Montana hog farms split $1.77 million in trade aid, according to federal data gathered by the Environmental Working Group, a nonprofit government watchdog that’s made a point of tracking farm subsidies.
The U.S.-Japan deal signed Monday will cut the current 20% tariff on U.S. pork to zero by 2025. Like the beef tariff reduction, the easing of the pork tariffs now mirrors the benefits awarded to TPP countries...
AFBF Praises the Signing of the US-Japan Trade Agreement
via Oklahoma Farm Report - 07 Oct 2019
AFBF Praises the Signing of the US-Japan Trade Agreement President Trump today signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. The following may be attributed to American Farm Bureau Federation President Zippy Duvall:
“Today’s signing marks the successful end to more than a year of negotiation between Japan and the United States. This agreement means sharply lower tariffs on our farm and ranch exports with the promise of more to come. And while we aren’t yet finished opening this market, the conclusion of these talks means we can now trade with Japan with the same advantages enjoyed by signers of the CP-TPP trade agreement. That’s great news.
“We hope the momentum from this win carries through to the negotiations with China this week and sets the stage for similar bilateral agreements with other countries involved with the CP-TPP. We appreciate this Administration’s efforts to improve trade opportunities for farmers.”