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Balanced Reporting. Trusted Insights.
Monday, March 01, 2021
Chinese importers purchased 1,500 metric tons of U.S. beef earlier this month, evidence that the “phase one” trade deal is already resulting in new export opportunities for the U.S., according to new data from USDA.
China, continuing to live up to promises made in the “phase one” trade deal, is working with the U.S. to finalize certification for hundreds of U.S. beef processing plants as well as approve a wide variety of beef cuts and beef products in preparation for a resumption in trade.
China is following through with pledges under the “phase one” deal to lift barriers on U.S. beef and poultry and industry officials here are counting on the resulting trade to buoy producers.