U.S. strikes a new trade deal with Japan

More U.S. agriculture could soon flow into Japan. Last night, President Trump announced a trade deal worth billions of dollars.

In a post to “Truth Social,” Trump says Japan will invest around $550 billion in the United States. Japan will also open up to trade more rice and other farm products. With this deal in place, Trump says Japan will pay a 15 percent reciprocal tariff.

Japan is a big market for U.S. ag products. In 2022, the International Trade Administration put Japan as the fourth-largest export market for U.S. ag goods.

Related Stories
U.S. beef imports are running at a record pace while exports are falling, reflecting tight domestic cattle supplies and high U.S. beef prices.
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
Andy Tauer from the National Pork Board discusses efforts to boost pork demand and how the industry is responding to trade restrictions related to pseudorabies.
Dr. Robert Ellis joins us to discuss economic challenges in agriculture, available resources for farmers, and ways producers can evaluate practices to strengthen their operations.
USDA’s first 2026/27 outlook shows tighter supplies across several markets, led by wheat, corn, cotton, rice, beef, and sugar.
President Trump and Treasury Secretary Scott Bessent are expected to discuss commodities, trade and regional stability during meetings in Asia.

LATEST STORIES BY THIS AUTHOR:

As the Trump Administration seeks out new global trade partnerships, Congress is considering more support for farmers, which comes as the Federal Reserve warns that farmers need a safety net.
Ag Secretary Brooke Rollins will travel to Europe and Asia to seek new trade partnerships for U.S. crops after China reduced imports due to tariffs.
The $221 million will help farmers and ranchers cover losses from Hurricane Helene that USDA programs didn’t cover. They’ll focus on infrastructure, markets, timber, and future economic losses.
The Tennessee State Fair features a variety of attractions, including rides, tasty foods, and dozens of agricultural competitions to enter and win. But what goes into picking achievements in each category?