There are more details flowing about the recent trade deal with Japan.
Rice was a major component, but the numbers are better than expected, and now more ag goods are included in the deal.
A White House fact sheet shows Japan will increase U.S. rice imports by as much as 75 percent, and they will also buy $8 billion worth of additional U.S. goods, like fertilizer, ethanol, and sustainable jet fuel, as well as commodities, like corn and soybeans.
Details show American manufacturing could get a boost there as well, with U.S. automotive standards now approved there for the first time ever.
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China will reduce its tariffs from 125% to 10%. In return, the U.S. will lower tariffs on most Chinese goods from 145% to 30%.
NCBA is not historically in favor of tariffs, but sees them as a necessary tool in the current environment.
