After months of negative trade-related news, there is a positive news for U.S. agriculture. The United States and Japan have agreed to begin negotiations on a free trade agreement. Agriculture Secretary Sonny Perdue welcomed the news, saying President Trump’s strong trade policy is working and will benefit agriculture. The Trans-Pacific Partnership would give Canada and Australia a price advantage in Japan. In a statement, U.S. Wheat Associates said it hopes the Administration will address that price disparity in trade talks with Japan. The National Cattlemen’s Beef Association and National Pork Producers Council also praised this action. Japan is a top value market for U.S. beef and pork exports.
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