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.

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