Thanks for the question.
I'm not an expert in the trade aspects. Maybe the others can testify on this. All I know is that the United States has been thinking about implementing a carbon border adjustment similar to what the EU has done. It's really in the early stages. It looks like they would implement it in a way that's similar to the EU, focusing only on steel, aluminum, fertilizers and a few other things, not the whole agricultural system.
However, what I was referring to was that for the past few years the U.S. has been investing massively in climate resilience and in building climate resilience on farms. That's where we haven't, and.... Well, no, that's not true; we have, and we are really thankful for the $1.5 billion that has been invested, but we need a lot more. I can't stress that enough. The more we do today to adapt, the less expensive it will be tomorrow.
That's what we hope can be done.