breaking
Freightwatch Reporter
Freightwatch.news
Friday, May 15, 2026
China has renewed export licenses for 425 American beef processing facilities, clearing the way for a full resumption of meat trade between the two nations. President Donald Trump is in Beijing for a two-day summit with Xi Jinping—the first visit by a sitting US president to China in nearly a decade. Trade negotiators from both countries held preparatory talks in Seoul this week, with US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng leading discussions ahead of the summit. The beef trade renewal signals momentum in broader commercial negotiations between the world's two largest economies. US business leaders accompanying Trump to Beijing have emphasized the strategic importance of the Chinese market for American companies. The licensing action represents a significant step toward normalizing agricultural commerce after years of trade tensions.