The Upper House of the Japanese Parliament has approved the trade agreement with the U.S. This paves the way for tariff reductions on over $7 billion of U.S. agricultural products, including beef, pork, nuts, sorghum, sweet corn and others. It also provides a country-specific quota for U.S. wheat and reduces mark-up on imported U.S. wheat and barley. The bilateral trade pact was signed by President Trump in October and approved by Japan’s Lower House in November.
