Smithfields Foods deal could show fair trade with China is back on

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

The approval by the U.S. government of the acquisition by Shuanghui International of Smithfield Foods (SFD +0.7%) signals an informal end to an U.S-China trade war, according to the South China Morning Post.

Though the transition of a major U.S. food producer to Chinese hands still faces some major hurdles, the deal could have a ripple effect of lightening the mood of regulators in Beijing and Washington D.C. over any new mergers.