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Trump-Abe Mini Deal Could Give Hitachi, DMG-Mori a Competitive Boost

Ags - Fruit/Veg 126 Ags - Grains/Beans 282 Ags - Meat/Dairy 246 Cons. Discr. - Autos 1117 Consumer Staples 736 Industrials - Capital Goods 559 Japan 572 Tariffs 1768 Trade Deals 978 U.S. 5211

The announcement of “early achievements” in trade negotiations between the U.S. and Japan by President Trump and Prime Minister Abe are focused on the agricultural sector. The largest product lines that may benefit from lower tariffs are U.S. exports of beef worth $1.68 billion in the 12 months to Jul. 31 and pork worth $1.50 billion. Yet, the most upside – based on the proportion of products exported globally versus those to Japan – may be wheat, chicken and almonds. Less attention has been directed at U.S. tariff reductions on Japanese industrial exports included in the “mini-deal”. Th...

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