Smith Statement on U.S.-Japan Trade Agreement
Washington, D.C. – Congressman Adrian Smith (R-NE) released the following statement regarding the completion of “Phase One” of a trade agreement between the United States and Japan.
“This agreement is a huge win for U.S. agriculture, bringing Japanese tariff rates on U.S. agriculture in line with our competitors and relieving a burden for our farmers and producers. I thank President Trump and Prime Minister Abe for their dedication to furthering U.S.-Japanese relations and trade. As the Co-chair of the U.S. Japan Caucus, I am excited for the future of U.S.-Japan relations, and look forward to seeing the benefits and successes from this relationship."
These tariff adjustments, along with the executive agreement on digital standards, are referred to as “Phase One” of a two-part process. The tariff changes are expected to take effect by the first of the year.