TPP agreement could have negative impact on U.S. wheat

A trade agreement between 11 countries could have a negative effect on United States’ wheat exports to Japan in the future.

On Jan. 23 in Tokyo, Japan, the 11 in the Trans-Pacific Partnership (TPP) announced they had reached a deal on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The announcement came nearly one year after President Donald Trump withdrew the United States from the partnership.

The trade agreenebt, which is expected to be signed in March, would allow Canada and Australia to gradually lower tariffs on wheat exports to Japan by about $65 per t...