trade pacts

U.S. needs more trade pacts as a hedge against China, say ag industry groups

China is a golden market and a potential pothole for U.S. food and ag exports, said 20 farm and agribusiness groups in a letter to presidential aspirants. The letter, delivered ahead of the first debate among Republican contenders on Wednesday, called for diversification of the export market, through new free-trade agreements, to avoid overreliance on China, which buys $1 of every $5 in farm exports.