US President Donald Trump on Monday hailed a banner day for American farmers, announcing two trade agreements with Japan that he said would deepen economic ties in agriculture and digital commerce.[WASHINGTON] US President Donald Trump on Monday hailed a banner day for American farmers, announcing two trade agreements with Japan that he said would deepen economic ties in agriculture and digital commerce.
Mr Trump's trade wars have since last year profoundly disrupted trade ties for US farmers, who have borne the brunt of China's retaliation."These deals are a tremendous victory for both our nations," Mr Trump said on Monday of the new US-Japan agreements."We love our farmers and our ranchers. We have been working hard on this."
In return, Washington has agreed to cut US tariffs on US$40 million in Japanese agricultural goods and to ease tariff rate quotas on the country's beef, allowing Japan to compete for a greater share of the US market.
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