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Home / World / Farmers welcome Trump's Japan deal, but it's no better than Obama's TPP

Farmers welcome Trump's Japan deal, but it's no better than Obama's TPP



But while American pork producers say they're looking forward to the deal being finalized, they only get as much access to the Japanese market as they would if Trump had never broken away from Obama -era Trans-Pacific Partnership in the first place.

"We get what we got under the TPP and we will not be left behind," said Nick Giordano, vice president and global governance consultant to the National Pork Producers Council.

Trump retired from the TPP as one of his first acts as President and said he wanted to negotiate bilateral agreements instead, but 11 other countries made it last January. As a result, US pork producers faced higher tariffs than participating countries such as Australia, Canada, Mexico and Chile. In the meantime, the European Union has also signed a trade agreement with Japan, which has lowered the barriers to trade in its pork exports.

American pork producers have relied on Japan as their largest market by value. They had already seen a decline in exports this year, but the new deal was supposed to put them back on par.

US wheat producers also injured after Trump left the multinational trade partnership welcomed the new agreement with Japan.

"We are delighted that this agreement will end the growing competitive advantage that Canadian and Australian wheat imports have achieved in the context of the Comprehensive and Progressive Trans-Pacific Partnership," said Doug Goyings, chairman of US Wheat Associates, a Ohio farmer , in a statement.

Trump and Abe intend to sign the agreement in mid-September on the sidelines of the United Nations General Assembly.

Nevertheless, the agreement with Japan will solve only one of three major problems for which Trump's trade policy was created. American Agriculture.

"This year we had almost three five-alarm fires in the pork industry," Giordano said.

One was released in May, when Trump aimed to break down a range of trade tensions that raised tariffs on steel and aluminum from Canada and Mexico. Mexico, for its part, overturned 20% duty on American pork.

But the trade war with China is still causing problems and could worsen on Sunday as Washington and Beijing push through their recent threats. In response to Trump's announcement to raise $ 300 billion in new Chinese goods from September 1

, the Chinese will also add tariffs and increase tariffs that already apply to pork products.

Even more painful for pork producers is the concern that tariffs could cause them to miss a larger part of the growing Chinese market. Demand has accelerated there due to an African swine fever that has eradicated some domestic swine.

Trump's trade dispute with China has hurt farmers and ranchers across the country. China has stopped buying soybeans and stored a record number at the end of the harvest last year. In addition, a humid spring planting season meant that some farmers could not get their soybeans or corn into the ground on time.

Farmers are also annoyed at how the Trump administration has recently granted 31 refineries the waiver of biofuel laws. They argue that the move will further reduce demand for corn and soybeans.

"There is a lot of uncertainty right now, we are the biggest cheerleaders for the US and China smoking the peace pipe," Giordano said.


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