Whitman County Gazette - Serving Whitman County since 1877

U.S.-Japan wheat trade announced in principle


August 29, 2019

President Donald Trump and Japanese Prime Minister Shinzo Abe announced Aug. 25 a trade agreement in principle between the two countries to keep exports of U.S. wheat going to a major buyer.

Negotiations have been on to counter the effect of the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which cut the effective tariff on Canadian and Australian wheat to Japan, eventually to a reduction of about $70 per metric ton, or 45 percent below the current tariff for U.S. wheat.

In the past five years, Japan has been the largest, most consistent and valua...

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