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© Thomson Reuters 2019.Where U.S.-Japan trade deal falls short of TPP pact
By David Lawder WASHINGTON©2024 GPlusMedia Inc.
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© Thomson Reuters 2019.
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Chip Star
Donny's definition of a phenomenal victory is getting less than he would have otherwise. Talk about gaslighting.
JJ Jetplane
In other words. Trump pulled out of the TPP because Obama's name was on it and essentially placed us in a much worst deal. Even for the areas that now see the levels equalized with that of the TPP ultimately lost out because they potentially would have made more during the 3 years Trump has been in office. This entire charade has been a huge waste of time and only succeeded in burning a hole in people's pocket.
Peter Neil
And what exactly did Japan get in this deal?
papigiulio
Corn, lot's and lots of corn. In all seriousness, mostly beef, pork and wine. The really useful items like butter and rice are left out of course, otherwise the Japanese farmers will suffer. But don't complain if there is a butter shortage in December. sigh
ZombieNemesis
The box of Land-O-Lakes butter in that photo sells for $4.50 here in Minnesota where its made. As I understand it, butter along with other dairy is subsidized in the US and that is the reason the price seems low. Not sure what is takes in fossil fuels to ship butter around the world, but it would seem butter is better sourced locally.
SimondB
Everything Trump does is "phenomenal", or the best ever, biggest, done by no other president. Thing is, despite his "unmatched wisdom" nothing ever seems to come out of his phenomenal deals.
gokai_wo_maneku
This means: "Get your American cars! They will polute your environment and are not safe to drive, but they are really really cheap!"
There are European cars all over Japan (more than 350,000 sold yearly now). Why can't the US automakers compete? Ford pulled out of Japan last year.
kurisupisu
A blow for consumers here as butter in Japan is three to four times as expensive as the US.
Haaa Nemui
No it doesn't. It ONLY mentions it would win back benefits lost from the TPP when Trump pulled out. It doesn't say ONLY win back benefits lost. Two completely different statements with two completely different meanings. This article talks about the things from the TPP that are not being reinstated but doesn't say that nothing is. Conservatives need to learn how to read.
Yubaru
If this is truly the case then I am ALL for US automakers NOT having their products here!
There is no reason why these standards should be lowered to appease some trade agreement!
Speed
Japan had their auto sector untouched since Donny had a gun pointed at Abe's head over this. This whole "agreement" was about concessions to our "friendly ally".
porto
Is this the art of the deal?
dmc27
At about ¥350 for 200 grams here in Japan, 450 grams of butter (as pictured) would cost 2.25 x ¥350 = ¥788 or about $7.33.
ZombieNemesis
One of the reasons why Coke-Cola is so cheap, and the American diet is arguably bad. $114 billion in total corn subsidies since 1995 makes some pretty cheap high fructose corn syrup.
Nearly $17 billion in rice subsidies in that same time period.
The tax payer is on on the hook to artificially lower the price of a product to save an industry from cheaper foreign products, then that industry complains again when it can't sell their artificially price reduced product overseas without tariffs. Seems crazy messed up to me.
Its easy to just look at the trade deficit between two countries. Or just look at the direct consumer price of a product. But there is so much more to it.
My vote is to buy local products where the same or similar exists locally.
wtfjapan
Uh, no, heck, it was so bad even Hillary Clinton did a 180 and came out against it.
well it doesnt now , it would see the TPP members are getting a better deal, so Trump pulled out of the TPP, made another deal with Japan and doesn't get the same concessions of the TPP members, it would seem that both Trump and Hillary were wrong, not that Hillary's opinion even matters now. Master negotiator just got negotiated, no wonder the Japanese were smirking at the signing. LOL
Madden
Can't wait for all that high fructose corn syrup to come in and ruin all of the foods here like it did in the US. If you look at labels you'll notice that it's starting to show up more and more here, yet the media doesn't mention it at all.
rgcivilian1
@jjplane, what hole, there was nothing left to burn a hole into after Obama and his "change". I seriously doubt the price of beef will make a difference no matter where it comes from as the 10% is now in place anyway. Either way with or without the agreement the People got screwed again.
wtfjapan
Good job. But US may get better things later in further bilateral talks, while TPP may get bogged down.
unlikely if anything the TPP will probably even include more countries making it even more powerful in terms of trade agreement with other countries. I have to hand it to Abe he did a good job getting the TPP finalized before the FTA with America, seems like Trump made big concessions to get a deal any deal done with Japan and make it look like a win
wtfjapan
Before everyone gets their bloomers in a twist, this is the FIRST part of the trade pact. More to follow.
only the Auto and auto parts sector, so any concessions in that will benefit Japan the most. The agriculture section is done which benefits the US more and it seems its not as good as the TPP. People seem to think Japan will give the US preferential treatment over the TPP, whatever Japan gives the US the TPP member will demand the same afterall it was Japan that pushed hard for it to be completed quickly they certainly dont want it to fail as itll evaporate their trade negotiating power . The TPP group has certainly favoured Japan in negotiating with the US. and just to think just a few years ago people said the TPP was dead. LMFAO
drlucifer
Which store shelves is the writer talking about, never new zealand or French butter here in Japan for the general consumer.
It is imported but not avaikabke to the general public.
drlucifer
Rice is unbeatable.
Butter is just plain bland, can't make the difference in taste between japanese butter and margarine.
Jonathan Prin
Good butter here in my country is about 2.50€ for 250grams.
I never found butter in Japan to be expensive, because that is not a product you eat like rice or bread.
What is expensive is milk, more ecpensive thzn coca-cola !
All fruits too. Meat choice is limited.
A Japanese diet remains a very good for health with less sugar and fat on average. So TPP is more about consumer's choice than health.
Haaa Nemui
Our local SEIYU has New Zealand butter.
Haaa Nemui
Just FYI, NZ butter at SEIYU
https://sm.rakuten.co.jp/item/9421016151042
Norman Goodman
I love that Land-O-Lakes has not changed their package art in decades. That native woman has really nice knees! LOL
Hervé L'Eisa
Before everyone gets their bloomers in a twist, this is the FIRST part of the trade pact. More to follow.
Blacklabel
I prefer Japanese butter and rice over US ones. So it’s fine.
iwaki
Good job. But US may get better things later in further bilateral talks, while TPP may get bogged down.
Blacklabel
Hey but the first paragraph of the other article about this same topic complains this deal would only win back benefits lost from TPP so that’s bad. Now this one says no it won’t. Liberals need to get the narrative straight.
Serrano
In other words. Trump pulled out of the TPP because Obama's name was on it
Uh, no, heck, it was so bad even Hillary Clinton did a 180 and came out against it.