AGNET: Ted Yoho Resolution Urging Trade Agreement with Japan Introduced

Two Republicans in the U.S. House are urging the Donald Trump administration to craft a trade agreement with Japan. Nebraska Representative Adrian Smith and Florida Representative Ted Yoho introduced a resolution in the House of Representatives Thursday that urges Trump to start the process of establishing a trade agreement with Japan. Congressman Smith says the U.S. “cannot afford” to miss the opportunity to reduce trade barriers with Japan, “especially for U.S. agriculture producers.” Smith pointed out a trade agreement could address the 40 percent tariff on U.S. beef imported to Japan compared to the 28 percent tariff Australia has negotiated. The difference in tariffs allows Australia a competitive advantage over U.S. beef in Japan. Congressman Yoho says a bilateral trade agreement with Japan would “continue to strengthen the U.S.-Japan relationship,” noting Japan is the fourth largest trading partner for the United States. The resolution was welcomed by the National Pork Producers Council and the Nebraska Cattlemen’s Association.