You may have missed it amidst all the impeachment hoopla, but President Trump secured another trade victory last week.
In a big win for farmers, the United States reached a trade deal with Japan, our third largest agricultural export market. As a result, Japan will reduce tariffs on both fresh and frozen beef and pork. Tariffs will be eliminated or phased out on a multitude of U.S. farm products including several produced in Missouri such as sweet corn, sorghum, ethanol, frozen poultry, processed pork, egg products and wine.
The United States, on the other hand, will eliminate or reduce tariffs on several products produced in Japan including green tea, chewing gum, and certain perennial and cut flowers. This is welcome news for U.S consumers.
This is a big deal for America. Our farmers will greatly benefit from the U.S.-Japan Trade Agreement, with almost unfettered access to the 127 million consumers in Japan. The more markets available, the better it is for rural Missouri, with increased job growth and the potential for rising farm income.
While President Trump is busy securing good trade deals for rural America, Nancy Pelosi still won’t bring the United States-Mexico-Canada agreement to the floor of the House. Impeachment has sucked the oxygen out of the room and nobody in the majority can seem to focus on what’s actually going to help our country.
Passing USMCA is a no-brainer and there’s no doubt it will happen if it gets to the House floor. The administration secured a good, free, and fair trade deal and it’s ready to pass. As we all know though, this isn’t about getting a good deal; it’s about denying the President a win.
In spite of the clear benefits, I’m willing to bet that if the U.S.-Japan Trade Agreement had been required to come to the House floor, it would still be languishing there as well. Thankfully, Nancy Pelosi didn’t get a say on the Japan deal.
It’s been a tough year for farmers. The U.S.-Japan Trade Agreement is certainly welcome news. Now it’s time to bring USMCA to a vote and get it done. North Missouri is counting on it.