U.S. Trade Representative Micheal Froman was in Iowa over the weekend. He stopped at the Iowa State Fair to talk trade with cattle producers. He told them he’s cautiously optimistic about TPP and getting Japan to drop their tariffs to zero, although he is unsure about a specific timeline.
Iowa Cattlemen’s President Ed Greiman says they pushed the Ambassador on further opening the market for beef in southeast Asia.
Froman also talked about the Russian ban of all U.S. ag products and says the market impact is negligible.
He believes Russia is using the ban as an excuse as the U.S. has had ongoing issues with them including their rejection of meat produced with ractopamine.