President Donald Trump signed an executive order this week to secure a trade deal with Japan, including 15 percent baseline tariffs on most goods, including the automobile industry.
Under the deal, Japan will invest $550 billion in projects and maximize its purchase of U.S. agricultural goods, including soybeans, corn, and commercial aircraft.
The deal had been made in Japan, but was finally signed after weeks of negotiating. Under that agreement, it included 75 percent higher imports of U.S. rice and $8 billion worth of agricultural products, according to MSN.
Story via Annik Bao with MSN
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Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
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Trade pacts with Malaysia and Cambodia unlock tariff-free and preferential lanes for key U.S. farm goods, expanding long-term demand in Southeast Asia.
