To see the benefits a free-trade agreement with China can bring, look no further than cheese.
Australian exports of cheese to the country, the world’s fastest-growing cheese importer, have grown in the past year, thanks largely to a trade deal between the two countries that went into effect at the end of 2015. Australia’s market-share gain has come largely at the expense of U.S. cheese makers, who are starting to worry.
The plight of U.S. cheese makers serves as a reminder that as the debate over trade with China has centered on manufacturing, U.S. farmers have just as much at stake. China remains the country’s largest market for agricultural goods.