Washington D.C.: US President Donald Trump on Monday (local time) signed a trade agreement with Japan that he said would help America's farmers and ranchers. The president said that the new deal was "a tremendous victory for both of our nations. It will create countless jobs, expand investment and commerce, reduce our trade deficit substantially, promote fairness and reciprocity, and unlock vast opportunities for growth."

US farmers have been operating at a disadvantage in Japan since Trump withdrew from the Trans-Pacific Partnership agreement, which had been negotiated by the Obama administration. The president had called the Trans-Pacific Partnership agreement a terrible deal for the US, The Hill reported.