China renews licences for hundreds of US beef exporters amid Trump-Xi summit
China renews licences for hundreds of US beef exporters amid Trump-Xi summit
By Daphne Zhang, Lewis Jackson and Ella CaoThu, May 14, 2026 at 4:26 AM UTC
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FILE PHOTO: Cattle gather in a feedlot at Callicrate Beef, a vertically integrated ranch-to-market meat produce in Saint Francis, Kansas, U.S., March 20, 2026. REUTERS/Cheney Orr/File Photo
By Daphne Zhang, Lewis Jackson and Ella Cao
BEIJING, May 14 (Reuters) - China has renewed export licences for hundreds of U.S. beef processing plants, customs data showed, including plants owned by Tyson Foods and Cargill, as the two countries' leaders met in Beijing on Thursday.
More than 400 U.S. beef plants lost export eligibility over the past year as permissions that Beijing granted between March 2020 and April 2021 lapsed, according to Chinese customs data, accounting for roughly 65% of the once-registered facilities.
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Beef exports to China collapsed last year after the registrations for most U.S. beef plants in China expired on March 16.
Over the year, volume dropped 48% from 2024 and export value plunged 69%, according to the U.S. Meat Export Federation's USDA-based report. U.S. beef exports to China peaked at $1.7 billion in 2022.
(Reporting by Daphne Zhang, Ella Cao, and Lewis Jackson in Beijing; Editing by Muralikumar Anantharaman and Kate Mayberry)
Source: “AOL Breaking”
