The latest monthly trade data has been tabulated – for August – and U.S. beef trade continued its impressive performance with monthly exports up 9 percent and year-to-date export totals up 14.2% year over year.
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.
Throughout U.S. farm country tariffs on steel and aluminum imports are boosting costs for equipment and infrastructure and causing some farmers and agricultural firms to scrap purchases and expansion plans.
U.S. President Trump said last week he would reconsider joining the landmark Trans-Pacific Partnership (TPP) trade agreement, if it were a “substantially better” deal than the one offered to President Obama.
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.