When it comes to the Indo-Pacific strategy, I think the real question is, what are we selling? At the end of the day, our comparative advantage comes from selling commodities.
When it comes to China, we don't need free trade agreements to do that because the prices of commodities are set on global markets. That, by the way, also applies to the wheat we sell to Indonesia. I think we're the largest supplier of wheat to Indonesia.
We're not competing with the Chinese. We're exercising good old Ricardian comparative advantage. I just don't see China as a competitor.
As we've seen before, if the Chinese decide to put sanctions on us as they did with our beef, pork and canola, there are third parties we can sell to that will sell those products to the Chinese. I think the UAE was the middleman in that exchange. We continued to sell canola to China, even though it said it wasn't going to buy it from us over the affair with the two Michaels.