U.S. and Japan Sign Agreement to Reduce Tariffs on Agricultural Products [1]
On October 8, the United States and Japan signed an agreement [3] to ease tariffs on agricultural and industrial products. A press release [4] from the U.S. Department of Agriculture indicates that the agreement “will provide America’s farmers and ranchers enhanced market access in our third largest agricultural export market” and “enable American producers to compete more effectively with countries that currently have preferential tariffs in the Japanese market.” Both parties must now take measures to implement the agreement.