Trump Reaches Historic Trade Deal With Japan
American farmers are hurting.
The tariff wars are only making them hurt worse.
Something has to be done with China, in particular, but that can’t be done without American farmers paying a hefty price for the short term.
President Trump is working feverishly to end the pain of the American farmer but also working toward making farming a desirable career path for the future.
Here’s Gary with the latest:
Thank You Mr. President.
This trade deal is not only about agriculture, but our farmers are so badly in need after the storms and tariffs of 2019.
- The Average U.S. Farm Is $1,300,000 In Debt, And Now The Worst Farming Crisis In Modern History Is Upon Us
- Wisconsin Dairy Farmers Going Bankrupt in Record Numbers – Blame Tariffs
- Govt Warns Of Historic, Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed
- Nebraska Flooding Has Broken 17 Records And Farmers Are Being Absolutely Devastated
- While US Farms Are Dealing with Natural Disasters, Trump Slapped Tariffs on the Countries We Import the Rest of Our Food From
The tariffs are a necessary evil.
There can be no long-term gain without short-term pain, unfortunately.
Negotiating from a disadvantageous position doesn’t work that way and our President knows this.
Here’s more on the Japan Trade Deal:
President Donald Trump and Japanese Prime Minister Shinzo Abe closed a new trade deal worth billions to the United States and Japan in what the PM called a “win-win” for both countries.
Trump, who is attending the G7 conference in France, confirmed Sunday that “it’s a very big transaction and we’ve agreed in principle.”
The president said the prime minister agreed to purchase some of U.S. farmers’ corn, and he blamed China for the excess production American farmers currently have on hand.
“This is a tremendous deal for the United States, really a tremendous deal for our farmers and agriculture,” along with e-commerce, he added.
“We still have some remaining work that has to be done at the working level, to finalize the wording and content in the deal,” Abe explained, through an interpreter.
China had pledged to purchase more U.S. agricultural products, but continually reneged on the agreement, according to the president and U.S. officials.
U.S. Trade Representative Robert Lighthizer broke down the agreement into three parts, per Fox Business Network: Agriculture, Digital Trade, and Reduction of Industrial Tariffs.
“From our point of view it is extremely important for our farmers and ranchers and those who work in the digital space,” he said, noting Japan is “our third largest advocate to market,” Lighthizer noted.
Japan already imports $14 billion in agricultural products, and the USTR said the agreement would open up $7 billion more.
Within agriculture, Lighthizer said the new agreement is huge for U.S. beef, pork, wheat, dairy products, wine, ethanol “and a variety of other products.”
Will this save ALL American farmers?
Unfortunately, it will not.
But it might very well start to save the farming industry and make it a desirable career path again.
Anyone, like myself, who lives in a rural community and has watched most of the local farmers quit over the years, is well aware of the problem.
President Trump is the first President to take on our Chinese trade deficit, and this won’t be corrected overnight.
But at least he is taking on the difficult task that his predecessors chose to ignore.
Article posted with permission from Dean Garrison