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US, Japan sign deals on agricultural products, digital trade

The U.S. and Japan signed two trade accords, including an agreement pursuant to which Japan will eliminate or reduce tariffs on about $7.2 billion in U.S. agricultural exports.

Under the trade deal on agricultural products, Japan will remove or significantly reduce tariffs on U.S. exports of beef, pork, poultry, wheat, cheese, wine and ethanol, among other goods. The two countries announced a partial trade deal on agricultural products in September.

The White House estimated that more than 90% of U.S. agricultural products imported by Japan will be duty-free or obtain preferential tariff access once the trade pact is implemented.

President Donald Trump called the trade deal "a huge victory for America's farmers, ranchers, and growers."

The two countries also signed an agreement to expand the already $40 billion worth of digital trade between the U.S. and Japan. The trade deal includes "high-standard provisions" for key issues on digital trade, similar to the digital trade rules set by the U.S.-Mexico-Canada Agreement.

The digital trade pact seeks to provide U.S. companies with a level playing field in areas such as video, music, e-books and software, according to the White House.

The White House said the Trump administration will continue to work toward a final comprehensive trade agreement with Japan.