Trump’s Focus on China Imperils $14B in Japan Sales
Canada, Australia, EU have recently forged new Japan deals
Bill Flory sends about a quarter of the wheat he grows in Idaho to Japan, a country so key to the fourth-generation farmer that he’s visited there three times in five years, reports Bloomberg.
Now he’s worried. While Canada, Australia and the European Union have all recently secured new or adjusted trade deals with Japan, the U.S. has not.
That could give rivals an edge on prices with a customer that regularly imports about $14 billion a year in U.S. agriculture and farm-related products.
The Trump administration appears focused on trade talks with China, risking the 50% market share now controlled by American wheat supplies in Japan.
Read the full report at Bloomberg.