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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President Donald Trump says a deal is nearly done on lowering beef prices, but he has not released details.
Large carryover stocks continue to put pressure on commodity prices, creating uncertainty for growers looking to market their grain.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.
The impacts of the government shutdown have reached commodity growers with crops to move, ag economists monitoring the harvest without key data reporting, and meat producers in need of new export markets.
In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
