(Neb)-Neb Leaders Praising New US-Japan Trade Agreement
WASHINGTON, D.C. (AP) - Nebraska leaders are praising the signing of a new US-Japan trade agreement by President Trump and Prime Minister Shinzo Abe.
The general outline of the deal was announced a few weeks ago, but the details weren't worked out until now. Tariff changes are expected to take effect by the first of the year.
Governor Pete Ricketts, who returned earlier this month from his third trade mission to Japan, calls the signing "a big win for the Beef State” after 4 years of working on a new agreement with Japan. Ricketts says it will help ensure that quality Nebraska ag products remain affordable for Japanese customers.
Senator Ben Sasse, a strong advocate for Nebraska agriculture and increased trade, says the deal is "really great news" for Nebraska producers but that there's still more work to do with more trade deals needed in the Pacific.
Sasse says such agreements are great for business in Nebraska and help build allies as "we turn up the pressure on China to stop their constant cheating.”
3rd District Congressman Adrian Smith of Gering calls the Japan Agreement "a huge win for U.S. agriculture, bringing Japanese tariff rates in line with our competitors and relieving a burden for our farmers and producers.
Smith says that as Co-chair of the US-Japan Caucus, he's excited for the future of relations between the two nations and looks forward to seeing the benefits and successes from this relationship.
Senator Deb Fischer of Valentine, herself a cattle producer, welcomes the trade deal because Japan is the top export destination for Nebraska beef and a major buyer of many of the state's other ag products.
Fischer says Congress should build off the deal by passing the USMCA, the new trade agreement with Canada and Mexico that replaces NAFTA, and provide certainty to farmers and producers.
The US-Japan deal reduces tariffs on products including fresh and frozen beef and pork. It also provides a country-specific quota for wheat and wheat products while eliminating tariffs on ag products including sweet corn and grain sorghum.
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