US meat trade to China faces $5 billion risk

Licences for nearly 1,000 U.S. companies to export beef, pork, and chicken to China are set to expire on Sunday. This could jeopardize $3 to $5 billion in trade. Chinese authorities have not responded to requests for renewal. The export agreements were part of a trade deal from former President Trump's first term. China previously imposed tariffs on $21 billion of U.S. agricultural goods, affecting trade relations. The situation remains uncertain as the deadline approaches.