Well, I was wrong. Several weeks ago in this blog, I expressed my skepticism that China would act anytime soon on its promise to open its borders to direct import of U.S. beef. I based my skepticism on the past 13, now nearly 14, years of hollow promises by the Chinese government that it would relent.
And I based my skepticism on the fact that China has stringent import requirements that serve as non-tariff trade barriers. The main hurdles are no use of ractopamine and a national animal ID system. While the U.S. has infrastructure in place to deal with both those, I was sure that China would hold the line on animal ID. Since the U.S. can’t meet the nationwide animal ID requirement, I was sure the deal would fall apart once again.
I got Trumped.
It happens. What’s unusual is a journalist who outright admits it.