Agricultural Economics, Department of
Center for Agricultural Profitability
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Tensions Surrounding US Beef Exports to China
Date of this Version
8-24-2022
Document Type
Article
Citation
Dennis, E. “Tensions Surrounding US Beef Exports to China.” CAP Series 22-0804, Center for Agricultural Profitability, University of Nebraska-Lincoln, August 25, 2022.
Abstract
Over the last several weeks there have been ongoing heightened tensions between the US and China over the Taiwan situation. This has caused some concern among producers about the sensitivity of the U.S. beef industry to Chinese purchases. Only several years ago, President Trump signed a trade deal with China in which the Chinese committed to purchasing additional U.S. exports in two phases. This has significantly raised the total quantity and value of beef leaving the U.S. to mainland China and strengthening the U.S. wholesale beef price. Even with the emergence of the COVID-19 pandemic, the Chinese have continued to purchase U.S. beef.