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Stock impact report

US meat exports at risk as China lets registrations lapse [Yahoo! Finance Canada]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
The registration status for pork, beef and poultry plants across the U.S., including major producers Tyson Foods , Smithfield Packaged Meats and Cargill Meat Solutions was changed from "effective" to "expired", according to the website of China's General Administration of Customs. The expiration of roughly two-thirds of the total registered facilities could restrict U.S. market access and incur significant losses to a roughly $5 billion trade, a fresh affront to American farmers after Beijing earlier this month imposed retaliatory tariffs on some $21 billion worth of American farm goods. Beijing requires food exporters to register with customs to sell in China. The U.S. Department of Agriculture has said China did not respond to repeated requests to renew plant registrations, potentially violating the Phase 1 trade agreement. Under the Phase 1 trade deal, China is obligated to update its approved plant list within 20 days of receiving updates from the USDA. Registrations fo Show less Read more
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