China renews import licenses covering hundreds of U.S. beef processing plants, according to people familiar with the matter. The renewal occurs as President Donald Trump meets with China’s leader Xi Jinping in Beijing, with both governments seeking to stabilize commercial ties alongside broader geopolitical relations. The permits are renewed on Thursday and typically remain valid for five years, the sources say. The reporting frames the step as a revival of trade in U.S. beef, which had been subject to licensing and regulatory approvals linked to bilateral negotiations and implementation of market access rules. Senator Steve Daines, a Republican from Montana, is also cited in connection with the discussion of the renewal. The sources cited for the details asked not to be named because they were not authorized to speak publicly. Overall, the renewal signals continued progress on market access for U.S. beef producers during a high-level engagement between the two countries’ leaders.
China renews permits for hundreds of U.S. beef plants ahead of Xi-Trump meeting
China renews import licenses covering hundreds of U.S. beef processing plants, according to people familiar with the matter. The renewal occurs as President Donald Trump meets with China’s leader Xi J...
- China renews import licenses for hundreds of U.S. beef plants.
- The renewal is made ahead of a meeting between Xi Jinping and Donald Trump in Beijing.
- The permits are renewed on Thursday, according to people familiar with the matter.
- The licenses typically remain valid for five years.
- The action supports continued trade in U.S. beef and follows bilateral engagement between the two countries.
hina has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world’s two biggest economies meet in Beijing to stabilize commercial and geopolitical relations. The permits were renewed on Thursday and are usually valid for five years, according to people with direct knowledge of the matter, who asked not to be named as they’re not authorized to speak to media. Senator Steve Daines, Republican from Montana joins Balance of Power to discuss. (Source: Bloomberg)
3 months agoChina has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world’s two biggest economies meet in Beijing to stabilize commercial and geopolitical relations.
3 months ago
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