Abe trade deal helps United States farmers, forestalls auto tariffs

Abe trade deal helps United States farmers, forestalls auto tariffs

Trump's Trade Representative Robert Lighthizer said the deal would open up markets to over $7 billion worth of goods and covered agriculture, industrial tariffs and digital trade.

Trump said on Sunday Japan had agreed to buy excess USA corn that is burdening farmers as a result of the tariff dispute between Washington and Beijing. Abe referred to a "potential" purchase of the corn and said it would be handled by the private sector.

Trump said he expected the two leaders would sign a deal next month.

Trump said the two sides have agreed on every point and hope to sign the agreement next month. It's billions and billions of dollars. "It's a really tremendous deal for our farmers", President Trump added. The two leaders said they plan to sign the formal agreement on the sidelines of the United Nations General Assembly in NY in late September.

Abe said that with many issues still to be worked out at working levels, he wants to accelerate relevant discussions toward concluding an agreement.


The farming provisions of the deal won some early praise in the United States, with the National Pork Producers Council and Senate Agriculture Committee Chairman Pat Roberts, of Kansas, among those welcoming a deal they said would put American agriculture on a level playing field with the 11 TPP-member nations.

Lighthizer said that tariffs on Japanese automobiles will remain once the deal is done.

The Journal explained that after Trump pulled out of the unratified 12-nation Trans-Pacific Partnership when he took office, some American farmers were upset because other countries that were party to the Partnership secured greater access to Japan's markets for beef, pork and dairy products.

"It will lead to substantial reductions in tariffs and non-tariff barriers across the board", he said.

"It involves agriculture, it involves e-commerce".


When Trump offered Abe to give his thoughts, the Japanese leader repeated his stance that the tests were a clear violation of U.N. Security Council resolutions.

"Given the existing volatility and uncertainty in global markets, today's news that the administration is making progress in talks with Japan, one of our most important trading partners, is a welcome step in the right direction", Myron Brilliant, executive vice president and head of worldwide affairs, U.S. Chamber of Commerce, said in a statement.

While the proposed deal may provide Trump with a fillip as he heads into his campaign for re-election, it remains to be seen how it will be received in Japan, where some officials have said the country should not give up its leverage over US farmers without substantial concessions in return.

Agriculture Secretary Sonny Perdue said removing the trade barriers would allow greater sales of United States farm products in Japan. "Frankly, I think what's happening with China helps with respect to Japan".


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