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Market Chatter: China Restores US Beef Access Amid Trump-Xi Summit

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China has renewed import licenses for hundreds of US beef processing plants, Bloomberg News reported Thursday, citing sources.

The timing coincided with high-stakes talks between US President Donald Trump and Chinese President Xi Jinping on Thursday.

The licenses lapsed last year after Trump hiked tariffs against China, leading to a 67% drop in US beef shipments between 2024 and 2025, the report said, citing data from the US Department of Agriculture.

Permits are generally granted for five-year terms, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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