"Imminent Collapse": US Farmers Prepare For Massive Losses In Japan  | WHAT REALLY HAPPENED

"Imminent Collapse": US Farmers Prepare For Massive Losses In Japan 

On December 30, Tokyo will begin reducing tariffs and easing quotas on products sold by US' largest agriculture competitors -- including Australia, Canada, Chile, and New Zealand, as part of the new 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP), the Wall Street Journal reported.

President Trump had removed the US from the TPP last year, alleging it would have crippled American manufacturers by minimizing duties on US imports of automobiles.

Tokyo will slash duties to other countries on Feb 1 by implementing the European Union-Japan Economic Partnership Agreement (EPA) that would offer the 28-country bloc’s agricultural products to Japan, a move that could dramatically reduce US market share into the island nation in the Pacific Ocean.

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