IMPROVING TRADE WITH JAPAN: The United States and Japan are signing two new agreements to improve our strong trade relationship.

  • Today, the United States and Japan are signing two new agreements on trade: one on agricultural exports and another on digital trade.
  • President Donald J. Trump is continuing to deepen and modernize our trade relationship with Japan – the world’s third largest economy.
  • The two agreements being signed will help create jobs, expand investment, reduce our trade deficit, and promote fairness.
    • These agreements will provide a tremendous boost to American farmers, workers, and businesses.
  • President Trump will continue to work towards achieving a final comprehensive trade agreement with Japan.

EXPANDING MARKETS FOR AMERICAN FARMERS: President Trump continues to secure fairer markets for American farmers.

  • This is a tremendous victory for American farmers, as they will have expanded access to a fairer market to export their products.
    • Japan is our third largest agricultural export market and accounted for $14.1 billion in food and agricultural exports in 2018.
  • Japan will eliminate or reduce tariffs on approximately $7.2 billion in United States agricultural exports.
    • Japan will eliminate or significantly lower tariffs on American beef, pork, poultry, wheat, cheese, wine, ethanol, and more.
  • Once this agreement is implemented, over 90 percent of United States agricultural imports into Japan will be duty free or receive preferential tariff access.

PROMOTING DIGITAL TRADE: President Trump is working to expand the vital digital trade between the United States and Japan.

  • The United States-Japan Digital Trade Agreement includes high-standard provisions that address key digital trade issues.
    • The agreement meets the same gold standard on digital trade rules that was set by the President’s landmark United States-Mexico-Canada Agreement (USMCA).
  • This agreement will boost the already approximately $40 billion worth of digital trade between the United States and Japan.
  • This agreement will benefit trade in innovative products and services where the United States is a worldwide leader, and will ensure that American businesses have a level playing field in areas like video, music, e-books, and software.