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On May 12, trade officials from the United States and China announced that the U.S. will, for a period of 90 days, reduce tariffs on Chinese imports from 145% to 30%, with China agreeing to reduce retaliatory duties from 125% to 10%.
U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:
USMEF greatly appreciates the efforts of U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent to negotiate this agreement with their Chinese counterparts. Although this is a temporary pause, we are hopeful that it is the first step toward restoring access to China for U.S. pork and beef.
May 12, 2025/ USMEF/ United States.
https://www.usmef.org
