China will be huge for U.S. beef. That’s the conclusion of U.S. negotiators and the U.S. cattle industry, but it’s going to take a lot of work to get there and the Chinese will have to come through on major promises over the next two months that were made in the “phase one” deal that was signed last week in the White House.
U.S. beef producers are excited about the possible sales opportunities that could result in China’s increased desire for beef, but the same could be said for every country that sends beef to the People’s Republic.
U.S. complaints that Europe wasn’t living up to a promise to import American beef were ignored for years, but that’s changed in the months since the Trump administration began considering retaliatory duties on European imports. Now the two sides are talking and it looks like a deal could be in the works.
WASHINGTON, April 5, 2017 - Six months after Chinese Premier Li Keqiang announced China’s intention to lift its ban on U.S. beef, the two countries remain far apart on a deal that would actually open up trade, according to government and industry officials.