Cheese export taxes reduced by US-Japan trade ties

The trade relations between U.S and Japan had previously taken a hit after U.S President Donald Trump opted out of the Trans-Pacific Partnership (TPP). The decision was taken in 2017 and Americans had been troubled ever since. They were eager to re-establish their trade ties with Japan.

Japan’s President Shinzo Abe and Trump established a new pact in fall 2019. This agreement came to effect on 1st January 2020. The limited trad....