Newly open Chinese beef market excites North Dakota ranchers, cattlemen
DICKINSON, N.D. — Decisions made by China routinely make international headlines as its nearly 1.5 billion residents make the country the most populated and largest consumer market globally.
The U.S. government in conjunction with the European Union have for a long time placed scrutiny on the trade and regulatory practices of China in largely unsuccessful efforts aimed at bringing the nation into fair trade deals.
The recent “trade wars” initiated by the Trump administration resulted in the United States scoring a critical success by bringing China to the table for the first time in over a decade, according to Curtis Chin, an Asia fellowship recipient at the economic think-tank Milken Institute.
Despite heavy tariffs, U.S. beef will now be sold in China.
Read more: https://www.capjournal.com/news/newly-open-chinese-beef-market-excites-nd-ranchers-cattlemen/article_5d9bceea-b6fc-11e8-99eb-af9ed482258c.html
Too much praise for Trump in the article with a rosy scenario pictured. The US will be in direct competition with Australia to provide beef to satisfy the demand. The Australian beef won't have any tariffs so why would anyone choose to pay more for US beef?