Companies in our sector have been trying to diversify beyond our key markets for quite some time, whether it be in China...or even trying to balance out the importance of the U.S. economy.
When it comes to China, I sympathize with my friends here in the beef sector. During COVID, a lot of our commodity sectors—mine, cattle, beef and pork—were engaged with our government almost on a weekly basis to discuss how China was implementing its new decrees. I think that sets a great example of how we need to respond to circumstances that don't appear to follow the trade rules.
It hasn't worked for beef, unfortunately. We've heard about whether we should file claims with the WTO, but I know from previous experience that it's a long process, and it doesn't yield results right away. The more we can prevent the issues and resolve them through better bilateral relationships, the better—always.