Today Iowa grain and livestock farmers hit the trade jackpot when the United States and China reached agreement on long-standing and contentious agricultural issues on April 8.
China has a potential of just being a huge market.
The U.S. Trade Representatives office has indicated to the ASA it hopes to reach agreement with China on remaining trade issues before June, when Congress holds its annual vote on MFN, Censky says. As Phillips says, the potential is huge. One in every 4.79 people in the world live in China. The country is home to 1.236 billion people in a world with 5.926 billion people, the Central Intelligence Agency estimated in July 1988. Chinas population is more than 4.5 times than that of the United States, which has a 270.311 million people.