Farm Groups Eager for Deal with Japan

U.S. and Japanese officials are furiously negotiating a limited trade deal focused on agriculture and automotive, hoping for a handshake between President Donald Trump and Prime Minister Shinzo Abe potentially in late August at the G-7 meeting in France.

Reaching an agreement with Tokyo is a priority for U.S. farm groups, who fear they’re losing ground to competitors like Australia and Canada now that the new 11-nation Pacific trade pact is in effect without the U.S.

“We are going to continue to hemorrhage market share unless we quickly get the same market access our competitors have in Japan,” said David Herring, president of the National Pork Producers Council, during a House Agriculture hearing last week. Trade talks with Japan “can’t move quickly enough, as far as we are concerned.”

Source: Politico