U.S.-Japan Trade Deal Takes Effect With Second Round in Doubt

(Bloomberg) -- A trade deal between the U.S. and Japan that cuts tariffs on some agricultural products and industrial goods took effect Wednesday, with little indication the two sides would meet a pledge to soon start a new round of talks broadening the pact.Under the deal, Japan reduced tariffs on beef, pork and additional U.S. agricultural products to the same levels it grants other trading partners in the Trans-Pacific Partnership regional trade agreement. Japan failed to secure its goal of r