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Trump rejects Trump where US-Japan trade agreement does not meet TPP



United States. President Donald Trump on Monday called his new trade deal with Japan "a game changer for our farmers and our ranchers."

But don't expect America Land O & Laks Oil to knock down the anchor of New Zealand or the French president from the store counters in Japan, the world's third largest economy.

Butter is one of several U.S. dairy products that will not gain improved access to 127 million Japanese consumers under a restricted bilateral trade agreement signed by Trump and Japanese Prime Minister Shinzo Abe in September. 25.

The agreement seeks to help restore the Japanese market share lost to US farmers, competitors in Australia, New Zealand and Canada, as Trump pulled the United States from the Trans-Pacific Partnership (TPP), which is now trading in 1

1 countries. pact, on the third day of office in 2017.

The full text of the US-Japan agreement was published on Monday and showed that some agricultural products would get worse access than they would get under the TPP

. Butter, skimmed milk powder and evaporated milk with some grain competed b with other TPP subscribers to the new Japan import quotas under the Pacific Agreement.

When the US exited the market, it left more room for brands such as anchor. or the Western Star of Australia. But Japan has refused to allow the US access to quotas for all TPPs in a bilateral agreement. European Union brands gained similar access to the Japan-EU trade agreement launched in February.

But there are advantages that bring exports of beef, pork and wine to the United States in line with competitors from TPPs from Australia, New Zealand and Canada, by putting them on the same tariff schedule.

"There are some specific parts of the agricultural sector that really benefit from this," said Matthew Goodman, Asian expert on Asian economics at the Center for Strategic and International Studies in Washington. "In general, this is not a very important commercial agreement because it does not affect the largest position in bilateral trade, auto and auto parts."

Remaining

Agrarian-American Agriculture The Covenant Center is noticeable in that it remains unaddressed. It does not include the bulk of bilateral trade relations, including cars from Japan and aircraft, liquefied petroleum propane equipment and semiconductors from the United States.

Automobiles and spare parts, the largest Japanese export to the US of $ 56 billion in 2018, have been left for the further negotiation phase. Abe said Trump has agreed not to impose "section 232" tariffs on Japanese cars and parts for national security reasons.

United States. President Donald Trump shakes hands with Japanese Prime Minister Shinzo Abe during a speech by Japanese and US troops during a Japanese Maritime Self-Defense (JMSDF) helicopter DDH-184 Kaga helicopter at JMSDF Yokosuka on May 28, 2016 in Yokosuka Cheap hotels in Kanagawa, Japan.

Athit Perawongmetha | Getty Images News

Japan has no tariffs on cars and trucks from the United States, but American carmakers claim that most U.S. cars adhere to environmental and safety rules and Japanese monetary policy that keeps the yen low against the dollar. [19659002] The TPP would ease Japan's regulatory barriers, but no agreement contained any rules to combat currency manipulation – the stated goal of the US sales rep's office. The United States would have canceled its 2.5% tariff on cars manufactured in Japan under TPP, but it remains valid.

Less than TPP

US rice growers will not benefit from the new bilateral trade agreement as tariffs and quotas on US rice imported into Japan established in the early 1990s remain in place.

Under TPP, Japan would accept 70,000 metric tons of US rice per year without US tariffs, but this was not included in the bilateral agreement.

Tim Johnson, president and CEO of the California Rice Commission, said he hoped for a better deal in the later stages of US-Japan talks.

Barley will see improved access to Japan, restoring US-specific quotas and a 45% reduction in Japan's surplus on grain imports widely used in brewing that rivals TPPs

But the agreement does not provide US access to Japan's TPP quota , which grows to 65,000 tons annually for over nine years.

Similar to TPP

Unlike butter and skimmed milk powder, cheese – the largest export of dairy products to Japan to Japan – will cancel Japanese tariffs up to 40% in 15 years, as would be done under TPP.

United States. beef and pork are major winners of the US-Japan agreement. By 2033, Japanese tariffs will fall from 38.5 percent to 9% on the same schedule as the competitors of TPP Australia, New Zealand and Canada. The pork will see that Japanese tariffs will be eliminated for muscle reduction over 9 years, and a 20 percent tariff on frozen pork will be eliminated for the fifth year of the deal.

Japan will abolish 10% duty on imports of certain ethanol into the US for 10 years, which will affect Imports worth $ 11 million, according to USTR facts

The agreement supports Japan's zero duty on corn in the USA for feed for animals, but provides a quota, excluding 3% duty on corn and other types of corn, USTR reports.

Wheat will see US quota in Japan grow to 150,000 metric tons in six years and Japan's surcharge on wheat imports corresponding to TPP competitors will be reduced by 45%

Japanese tariffs on American wine will also be on April 1, 2020 will fall from 15% to 7.1%, basically the same level they would have in TPPs, said the Wine Institute.

But Japanese documents state that no concessions have been made to other types of alcohol. American Bourbon and Tennessee whiskeys received some protection from TPP branding along with tariff reductions.

Better than TPP

The major improvement over TPP is the US-Japan Digital Trade Agreement, say congress officials and technology officials. They described it as "TPP-Plus" and in line with the US goals for setting global Internet and e-commerce rules.

It includes clearer rules for the prohibition of cross-border taxation of digital downloads and data localization requirements than TPPs. Cloud computing and new financial technologies were still new and were being developed over many years of TPP negotiations, so the agreement involved cutting out results that would allow some countries to require financial sector data locally.

USTR stated that the agreement protects against the forced disclosure of proprietary computer source code and algorithms that requires China to do US firms frequently. He also said that the agreement facilitates open access to government-created data.

In general, the Digital Compact is in line with the new US-Mexico-Canada agreement, which is seen as a renewal of the TPP for the digital economy. Japanese Prime Minister Abe said this reflected Japan's status as an ally of the United States in an effort to set high standards, open Internet rules for the world.

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