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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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
Farmers face tighter barge capacity and higher freight costs during peak harvest.
“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
Taiwan’s pledge to expand imports strengthens export prospects for U.S. row crops, livestock products, and specialty commodities, while the USDA’s broader trade push seeks to diversify farm markets globally.
“American soybean farmers—who are already reeling from your sweeping tariffs—deserve better.”
