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U.S. loses competitiveness as EU, Japan reach trade agreement

U.S. producers of beef, pork and dairy at competitive disadvantage as Japan lowers tariffs for EU, and geographical indications could limit U.S. sales.

The European Union and Japan have reached agreement in principle on a trade pact that would open the Japanese market to key EU agricultural exports and could affect U.S. competitiveness for many exports, including cheese, beef and pork.

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