China reopens to US beef imports
China has opened once again to US beef imports. White House spokesman Sean Spicer said President Donald Trump achieved this during his meeting last week with Chinese President Xi Jinping.
Bloomberg reported that in September, China removed a ban on shipments of some US beef products, opening up the trade for the first time since 2003. Still, conditions attached to the re-opening, including Chinese requirements for an acceptably traceable U.S. meat supply, have held up sales. China is the world’s second-biggest beef buyer. This could provide new opportunities for packers including Tyson Foods Inc., the largest US meat processor, and Cargill Inc., the top American ground-beef maker.