Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Tyson Foods, a leading meat processing and marketing company in the United States, has been suspended from exporting its products to China. The U.S. Department of Agriculture revealed earlier this week that Beijing ordered the suspension effective on Aug. 29.
According to Reuters, the halt affects Tyson Foods' meat processing plant in Logansport, Indiana. It was noted that China has also previously banned meat imports from several countries, and at that time, Chinese officials said it was due to concerns over the coronavirus even if most health experts worldwide said that the risk of spread through surfaces is low.
In the latest ban affecting Tyson Foods' Indiana plant, it was not explained by the USDA or the company why it needs to stop exporting to China. Rather, the Springdale, Arkansas-headquartered food company issued a statement to Reuters concerning the matter.
"We work closely with the U.S. Department of Agriculture's Food Safety and Inspection Service to ensure that we produce all of our food in full compliance with government safety requirements," the company said. "We are confident our products are safe and we are hopeful consultations between the U.S. and Chinese governments will resolve this matter."
In any case, while there was no clear explanation of the export ban, Bloomberg reported that a notice was actually posted on the customs' webpage. Based on the note, the company failed inspection for some pig trotters. As a result, a suspension of exports to China has been put in place.
The restriction move follows China's temporary ban on shipments of raw meat products from two other food processing facilities in the U.S. in recent months. This ban was due to the presence of a feed additive called ractopamine in the meats. This substance is said to be commonly used in the country but banned in China; thus, the exports were halted.
Meanwhile, it was reported that this particular suspension of Tyson Foods' meat export to China does not have much effect on the meat trade between the U.S. and Beijing since there are still many American firms that are delivering their products to the Chinese land.
