The new U.S.-Japanese trade deal announced Wednesday addresses several agricultural and industrial tariffs. Deputy Agriculture Secretary Steve Censky told AgNet Media, that the agreement will have a significant impact on several commodities, most notably the beef and pork industries.
Censky said the agreement will allow both the U.S. beef and pork industries to compete more fairly.
Japanese officials have indicated their intention to move quickly in efforts to have the agreement approved by Parliament. The agreement will not require any Congressional approval, as the provisions are within the authority of the President and the U.S. Trade Representative. Censky said, “Those steps are going to lead to implementation just as quickly as possible at the beginning of the year.”