China Renews Export Licenses for 400 US Beef Plants
Chinese customs officials have granted five-year registration extensions to 425 U.S. beef facilities after a summit between President Trump and President Xi Jinping. While the move restores market access for the majority of U.S. producers, tight domestic supplies and record prices may limit immediate export growth.
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China renewed export licenses for more than 400 United States beef plants on Friday, restoring eligibility for 65% of previously registered facilities. The move follows a bilateral summit in Beijing where leaders addressed agricultural market access. The renewal ends a year-long lapse in permissions after exports fell from their $1.7 billion peak in 2022.
