How the U.S.-Japan Trade Deal Stacks Up Against The TPP

The new trade deal with Japan, hailed by President Trump as a victory for American farmers, aims to restore market share lost to competitors. However, it offers less favorable terms than the Trans-Pacific Partnership (TPP) for some products. While cheese exports will benefit from tariff eliminations, American butter and rice face significant barriers. The deal provides substantial advantages for beef and pork exporters, with significant tariff reductions over time. Overall, the deal presents mixed outcomes for different agricultural sectors compared to the TPP.

What was the primary goal of the new trade deal with Japan according to President Trump?

• To strengthen military alliances

• To eliminate all trade barriers

• To restore market share for US farmers

• To increase tariffs on Japanese products

Which product faced tougher market access in Japan under the new deal compared to the TPP?

• American beef

• American butter

• American cheese

• American pork

What is the tariff rate Japan continues to impose on American rice under the new deal?

• 778%

• 0%

• 100%

• 40%

How will the new trade deal affect tariffs on American cheese exports to Japan?

• Tariffs will increase by 20%

• Tariffs will be eliminated over 15 years

• Tariffs will remain the same

• Tariffs will be reduced by 10%

By what year will Japanese tariffs on American beef fall nearly 30%?

• 2028

• 2040

• 2033

• 2025