China opened its gates to US beef imports this week, giving American cattle farmers much sought-after access to the country's massive market following a 14-year ban.If we can't have free trade, maybe at least we can have fair trade.
Shipments of eligible US beef have been allowed to enter China since Tuesday, the General Adminstration of Quality Supervision, Inspection and Quarantine said in a statement.
Announced last month, the lifting of the beef embargo was one of the first concrete results of trade discussions that began when Chinese President Xi Jinping met with Donald Trump at the US leader's resort in Florida in April.
The agreement, seen as a sign of warming trade ties between the world's largest economies, also gives US natural gas and certain financial services access to China's market of nearly 1.4 billion people.
In return the United States will allow cooked Chinese poultry to enter US markets.
China imposed a ban on US beef imports following a case of mad cow disease in the United States in 2003.
I just hope it doesn't raise the price of steaks too much. Gotta have that red meat!