China Halts U.S. Beef Exports Post-Trump-Xi Talks

Matichon•International•33d ago

Reader Briefing

China abruptly revoked export licenses for hundreds of U.S. beef processing plants just hours after they were reportedly renewed, creating uncertainty just after the Trump-Xi summit.

•China's customs administration suspended export approvals for hundreds of U.S. beef processing plants on May 14.
•The suspension occurred hours after reports that long-awaited export licenses had been granted during the Trump-Xi meeting.
•The revoked licenses had been valid from March 2020 to April 2021, impacting over 400 U.S. beef facilities.

Overview

•On May 14, China's customs suspended export approvals for hundreds of U.S. beef processing plants.
•Hundreds of U.S. beef processing plants had their export approvals suspended by China's customs.
•The registration status for affected U.S. beef factories was changed from 'active' to 'expired' on the Chinese customs website.
•The U.S. beef exporters had been awaiting license renewals, which were reportedly approved during the Trump-Xi meeting.
•China is suspected of using this action as a tactic in bilateral trade negotiations.
•Over 400 U.S. beef facilities lost their export rights, representing approximately 65% of previously registered plants.
•U.S. beef exports to China have continuously decreased due to trade war impacts, falling to about $500 million last year from a peak of $1.7 billion in 2022.
•Chinese President Xi Jinping called for expanded cooperation in various fields, including trade and agriculture, during his meeting with President Trump on May 14.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Quotes

Xu Hongzhi

"What is certain is that this is a card China is using in bilateral trade negotiations, and it is effective in signaling."

สิ่งที่แน่นอนคือ เรื่องนี้เป็นไพ่ที่จีนใช้ในการเจรจาการค้าทวิภาคี ซึ่งมีประสิทธิภาพในการส่งสัญญาณ

Key Entities

Place

China(จีน)ℹ️

The country that suspended U.S. beef exporter licenses.

U.S.(มะกัน)ℹ️

The country whose beef exporters had their licenses suspended by China.

Beijing(ปักกิ่ง)ℹ️

The capital city of China where the Trump-Xi meeting took place.

Washington(วอชิงตัน)ℹ️

The capital of the U.S., representing the U.S. government in the context of the trade war.

Person

Donald Trump(ทรัมป์)ℹ️

U.S. President who met with Chinese President Xi Jinping.

Xi Jinping(สี)ℹ️

Chinese President who met with U.S. President Donald Trump.

Xu Hongzhi(นายสวี่ หงจื้อ)

Senior Analyst at Beijing Orient Agribusiness Consultants who commented on China's trade strategy.

Organization

Reuters(รอยเตอร์)ℹ️

News agency that reported on the U.S. beef exporter license issue.

White House(ทำเนียบขาว)ℹ️

The executive office of the U.S. President, which indicated discussions on the beef export issue.

Beijing Orient Agribusiness Consultants(ปักกิ่ง โอเรียนต์ อะกรีบิสเนส คอนซัลแตนต์ส)

Consultancy firm where Xu Hongzhi works, providing analysis on trade matters.