This week, a trade framework was established with Japan, America’s number four trading partner. Imports to the U.S. will be charged a 15% tariff on all goods - 10 points lower than the threatened 25% tariff.
Japan Agrees to Trade Deal but Details Have Yet to Be Hammered Out
Share
This week, a trade framework was established with Japan, America’s number four trading partner. Imports to the U.S. will be charged a 15% tariff on all goods - 10 points lower than the threatened 25% tariff.
Transcript
This week, a trade framework was established with Japan, America’s number four trading partner. Imports to the U.S. will be charged a 15% tariff on all goods - 10 points lower than the threatened 25% tariff.
The deal has U.S. automakers concerned because completed Japanese cars will be charged a lower duty while they pay a 50% tariff on imported raw materials like steel and aluminum.
Federal government data shows 7% of all U.S. agricultural exports, valued at almost $17 billion, are purchased by Japan.
Trade talks with China continue as an August 12 deadline looms. U.S. Treasury Secretary Scott Bessent says the deadline will likely be extended.
Australia has reduced restrictions on U.S. beef imports that President Trump called a “ban.” Aussie officials say it was a way to keep Bovine Spongiform Ecephalopathy out of the Australian market. Negotiators have agreed on a tracing protocol.
For Market to Market, I’m David Miller.
Watch More
Prices in the cattle complex — both high and low — get the attention of the Justice Department. One U.S. state grows 99% of the nation’s hazelnuts. It hasn't been easy. And, commodity market analysis with Kristi Van Ahn - Kjeseth.
The Department of Justice held a press conference this week to announce its launch of an investigation into the top four meatpackers over possible antitrust violations.
As the planters roll so does the Market Analysis with Kristi Van Ahn-Kjeseth on cold weather, fertilizer prices and trade talks.
Three big stories for next week are leading Kristi Van Ahn-Kjeseth in our Market Plus - China, acres and weather.
The Farm Bill clears the House with an unknown future. The Supreme Court takes up the issue of cancer warnings for RoundUp. Extremes in weather from tornadoes to rain to wildfires hit across the country. And, commodity market analysis with Arlan Suderman.
Cotton, Hormuz Straight, inflation, energies, the Mexican border closure, drought and the Fed's balance sheet are all topics covered in our Market Plus.