China trade gets major boost with speedy deal

China trade gets major boost with speedy deal

Now China has agreed to import American beef and financial services in exchange for Washington's assistance on building an economic zone stretching to Europe and Africa.

The 10-part deal is the first result of the 100-day action plan that President Xi Jinping and US President Donald Trump agreed to pursue at their meeting at Mar-a-Lago in Florida in April.

Commerce Secretary Wilbur Ross told CNBC on Friday the new U.S.

The deal will also allow Chinese companies to buy U.S. liquified natural gas.

"United States is to publish a proposed rule by July 16, 2017, at the latest, with the United States realizing China poultry exports as soon as possible", said the release.

A new trade deal with China that guarantees more exports of USA beef has one farmer in Athens concerned. It will increase the demand for US beef.

However, the comments and rhetoric has softened toward China the last month and Trump expressed admiration for the President of China saying he wanted China to help deal with the nuclear threat from North Korea.

Beijing and Washington announced Friday an agreement giving U.S. beef, natural gas and certain financial services access to China's massive market in a deal highlighting the warm ties nurtured by their presidents.

Trump has made America's massive trade deficits and specifically the gap with China a major issue in his campaign and during the early days of his administration.

Melissa McCarthy's "Spicey" returns to "SNL"
Spicer is the spokesman of President Trump and therefore a natural target of the billionaire's owned liberal media. Spicer cranked up his motorized podium and hit the road for NY to confront Trump and find out.

"With over 95 percent of the world's consumers living outside of the US, access to foreign markets is critical to growing good-paying jobs and maintaining Montana's strong economy", he said.

Some of the leading countries that export beef to China's do have mandatory traceability, but it's part of that country's requirements. "We will once again have access to the enormous Chinese market, with a strong and growing middle class, which had been closed to our ranchers for a long, long time", Perdue said.

A chicken processing factory in Hefei, Anhui province, China.

Randal Phillips, Mintz Group's Beijing-based managing partner for Asia, said that Washington was too focused on selling more to China and should instead seek to address structural imbalances created by Chinese industrial policies and barriers to investment.

Visa said in an emailed statement it looked forward to submitting an application for a bank-card clearing institution license, which, "once granted", would allow it to support economic development in China.

American beef and LNG exports alone will do little to close the trade deficit against China, which has ballooned well past $300 billion for each of the past few years.

China agreed to give "full and prompt market access" to payments companies, like Mastercard Inc., Visa Inc. and American Express Co. "But, now we're opening it up that there could be even long-term contracts to supply China".

"This is tremendous news for the American beef industry, the agriculture community, and the USA economy in general".

"That's going to be the challenge, and hopefully the Trump administration doesn't start declaring victory", he said.

Related Articles