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China Restores US Beef Import Licenses Ahead of Trump-Xi Summit

China has reinstated import permits for hundreds of American beef processing facilities, marking a significant thaw in agricultural trade between the world's two largest economies. The move comes as President Donald Trump prepares for a two-day summit with Chinese leader Xi Jinping in Beijing—his first visit to China in nearly a decade. Pre-summit negotiations led by US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng took place in Seoul to establish frameworks for the bilateral talks. The renewal of beef import licenses signals both nations' intent to stabilize commercial relations strained by tariff disputes, pandemic disruptions, and ongoing geopolitical tensions. Energy trade and broader market access remain key discussion points as negotiators seek to reset the relationship between Washington and Beijing.