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Report: CN Renews Import Licenses for US Beef Processing Plants
China has renewed import licenses for hundreds of US beef processing plants, as US President Donald Trump is visiting Beijing to meet Chinese President Xi Jinping, Bloomberg report...
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China has renewed import licenses for hundreds of US beef processing plants, as US President Donald Trump is visiting Beijing to meet Chinese President Xi Jinping, Bloomberg reported, citing people with the knowledge of the matter.

The market expects the two countries to also reach consensus on resuming trade in other agricultural products, such as China purchasing more US corn and soybeans.

Related NewsVehicle Sales YoY for Apr in China is -2.5%, lower than the previous value of -0.6%.
Amid the tariff war, China had not renewed import licenses for US meat processing plants. However, import licenses for hundreds of US beef processing plants were reporteldy renewed today (14th), with a validity period that is typically five years.

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