China Renews Permits for Hundreds of US Beef Plants as Trump and Xi Meet in Beijing
Updated
Updated · Bloomberg · May 14
China Renews Permits for Hundreds of US Beef Plants as Trump and Xi Meet in Beijing
7 articles · Updated · Bloomberg · May 14
Hundreds of US beef plants had their China import licenses renewed on Thursday, reopening a key meat trade channel during the Trump-Xi summit in Beijing.
The permits are typically valid for five years, according to people with direct knowledge of the move, giving exporters a longer runway to resume shipments.
China made the renewal as the leaders of the world’s two biggest economies seek to stabilize both commercial ties and broader geopolitical relations.
Is the U.S. beef deal a genuine thaw or just a tactical pause in the broader U.S.-China economic rivalry?
As China buys U.S. beef, will it loosen its chokehold on rare earths vital for America’s defense and tech sectors?