Resumption of US Beef in Chinese market after 14 years: Donald Trump

Washington, PTI | Updated : 13 July 2017, 10:52 AM

US Beef is back again in Chinese market after a long time of 14 years. President Donald Trump credited this to trade deals with China.Before 14 years ago,Chinese used to importbeef worth USD 70 million from America.

After 14 years, US beef hits Chinese market.Trade deal is an exciting opportunity for agriculture, Trump shares this with 33.7 million followers on twitter.

The ceremonial cutting of American beef was done by Agriculture Secretary late last month, thus giving the US access to the USD 2.5 billion Chinese beef market. According to the Gazette newspaper, the meat shipped last week by a South Omaha meatpacker was reported to be the first shipment of US beef to China since 2003 after officials sealeda long-sought trade deal this month.

This is a big deal. It's definitely very positive news, Lee Schulz, an Iowa State University Extension livestock economist was quoted as saying.

First Published: Thursday, July 13, 2017 10:23 AM
For all the latest Business News Download the News Nation App available on Android and iOS.