Jamieson Greer

We came to an essential agreement that if the private parties came to agreement that the Chinese would approve it.

So we expect approval by the government of China in alignment with that agreement we reached earlier this year.

I would say with the H-200 export control issues, those really are standalone.

That was not a negotiated outcome in the United States with respect to export controls.

Those are not something that are really subject to negotiation.

Those are national security and commercial decisions made by the federal government.

So that's

kind of standing on its own.

With respect to the rest of the China deal, right now we're trying to make sure that rare earths continue flowing from China.

They've bought over 5 million metric tons of soybeans at this point, and we're trying to keep trade flowing between the two countries in a way that makes sense.

It's a little hard to say at this point.

Goal one is stability.

For me, and everyone's heard me say this before, we need trade with China to be much more balanced.

Our trade deficit with China has decreased by 25% this year alone under President Trump's policy, so that's going the right direction.

I can foresee a situation in the first half of next year

where we come to some kind of agreement with China on exactly what we should be trading with each other, and even in what volumes.

It's a little bit of managed trade, but it's the kind of thing that can be healthy and stable.

Given the way that Chinese government runs its economy, it just doesn't mesh very well with the way we want to run our economy.

That just means we have to manage it a little bit more, and I think there's a possibility of that.

I'm not sure I'd call it comprehensive, but I'd call it confidence-building.