The most impressive exchange rates changes this year have been the devaluations relative to the U.S. dollar (USD) of the Argentinian Peso and the Brazilian Real.
China has pledged to buy more U.S. goods to reduce America’s huge trade deficit and help avoid exacerbating a trade war between the world’s two biggest economies.
Making sure that beef is has a seat at trade negotiations tables has been a focus of the National Cattlemen’s Beef Association (NCBA), along with labeling of “fake meat.”
Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation.
France has taken another step closer to starting beef exports to China’s huge market after Chinese officials last week inspected seven of the European country’s meat plants, a French industry official said.
So far in 2018, the U.S. has exported beef to 100 different countries. However, 85 of those countries only account for 5.9 percent of year to date beef exports.
