The Trans-Pacific Partnership will go into effect at the end of the year without the United States. North Dakota Wheat Commission Executive Director Neal Fisher says U.S. wheat must prepare for a worst-case scenario. “Tariffs with a country like Japan become less for those involved,” explains Fisher. “Eventually, Canada and Australia will have a $2/bushel advantage over the U.S. That’s the worst case scenario.” Fisher is hopeful a bilateral trade agreement can be worked out between the U.S. and Japan, also with other southeast Asian countries.
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