Ag News: Perdue Likes Japan Talks
**Ag Secretary Sonny Perdue is expressing his appreciation for the agreement reached between President Trump and Prime Minister Shinz? Abe to begin negotiations for a U.S.-Japan Trade Agreement.
In a statement, Perdue said “Japan is an important customer for our ag products and we look forward to the great potential this breakthrough represents.”
He went on to say, “the announcement is further proof President Trump’s approach to trade will benefit our entire economy, including the ag sector.”
**The Trump administration will publish the text for its bilateral trade deal with Mexico Friday, which will likely exclude Canada but leave open the possibility for the country to join the agreement later.
The text of the pact has to be published 60 days before it’s signed.
According to agweb.com, U.S. Trade Representative Robert Lighthizer says the U.S. is moving forward with the pact so current Mexican President Enrique Pena Nieto can sign it before leaving office.
**The White House is considering imposing restrictions on trading of biofuel credits, hoping to discourage speculation and reduce costs for oil refiners to comply with U.S. biofuels policy.
Sources familiar with the situation tell agriculture.com, an announcement could be made in coming weeks. The move would be part of a widely anticipated deal to help U.S. corn farmers and biofuels producers by lifting a ban on summer sales of higher ethanol blends of gasoline.
President Trump has repeatedly said he supports lifting that ban.