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 is the main purpose of the new trade deal mentioned in the text?

How does the new deal affect American butter exports to Japan compared to the TPP?

What tariff will Japan continue to impose on American rice under the new deal?

Which American agricultural products are expected to benefit the most from the new trade deal?

What are the expected changes in tariffs for American beef and pork exports to Japan?