President said Japan would purchase large quantities of U.S. wheat & corn
The U.S. and Japan agreed in principle on a trade deal under which Japan will slash tariffs on U.S. beef, pork and other agricultural products, while continuing to face levies on its own auto exports.
According to a report at Yahoo Finance, when the president announced the deal Sunday, he also said Japan would purchase large quantities of U.S. wheat and corn.
“America’s farmers and ranchers are pleased to hear that the U.S. and Japan may be close to a trade deal that includes agriculture,” says American Farm Bureau Federation President Zippy Duvall. “This is much-needed good news on the agricultural trade front.
Top U.S. agricultural exports to Japan currently include beef, corn, pork, soybeans and wheat,” Duvall continues. “We appreciate the Administration’s work to secure greater access for these farm goods and others. We look forward to reviewing the details of the agreement.”
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