“Kind of unfortunate but interesting timing,” said Zhang. “This week China essentially changed their constitution to remove the two-term limit for the Chinese president.”
The change brought a power play, according to Zhang. He said the Chinese government has a diverse range of trading partners to have the opportunity to shop for the best prices. Due to this, America’s share of trade with China is declining.
“I don’t expect a major disruption or to suddenly announce a stop to exports,” Zhang said. “But I do think it’s moments like this that show how agriculture heavily relies on trade and is highly competitive in the global market.”