U.S and China sign trade agreement

Angie Massey
May 20, 2017

"I look forward to the day when we can serve President Trump and President Xi a dry-aged American-made NY strip in Beijing". The markets of America are now much closer to get the hit by the cooked poultry products of China at the same time due to the trade agreement between the United States and China.

The US will import cooked Chinese poultry and, more significantly, send delegates to attend Beijing's Belt and Road Forum starting tomorrow.

Meanwhile, the US will support Chinese procurement of liquefied natural gas and send representatives to attend China's Belt and Road Forum in Beijing, which begins Sunday.

Exports are set to begin as soon as possible, but by no later than 16 July 2017.

Commerce Secretary Wilbur Ross hailed the agreement, coming on the heels of President Donald Trump's April meeting with President Xi Jinping, as "a herculean accomplishment".

In this trade deal with China, he says, the facilities inspected by the federal government have been inspected and comply with us requirements. "China relations on trade". -China trade agreement. Trump administration officials hailed the deal as a significant step in their efforts to boost USA exports and even America's trade gap with the world's second-largest economy.

A pro-trade organization is hopeful that a new agreement re-opens the door to China.

ROSS: It's a very big market.

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USA credit card operators Visa Inc V.N and MasterCard Inc MA.N have yet to be independently licensed to clear transactions in China, despite a 2012 WTO ruling mandating that Beijing open the sector.

Shares of U.S. Steel, which have taken a dramatic fall after soaring the wake of Trump's election, dropped 1.9 percent on Friday, while shares of Nucor were off 0.3 percent.

In the energy sector, the USA already is shipping some liquefied natural gas to China and said it could negotiate any type of contract, including long-term contracts, with United States suppliers.

SCOTT KENNEDY: A productive first step in addressing some long outstanding problems that the US has in its relationship with China.

Shipping data on Thomson Reuters Eikon shows that the first ever U.S. LNG tanker arrived in China in August 2016, followed by another eight cargoes shipped between December and March.

"The more these agreements include real, concrete outcomes rather than platitudes, rehashing old ground or punts to the future, the better they are", Mulhauser said. The United States ran a trade deficit of US$347 billion with China past year, US Treasury figures show. In the negotiations leading to China's accession to the World Trade Organization more than a decade ago, the United States fought for access to China's telecom industry. It's trying to export and invest overseas where there are nearly no barriers while limiting access to its own markets, which hurts US industries.

Daines said it was an essential win, not just for the beef industry, but the state. In fact, it's more important for high-value sectors like services and for advanced technology areas where the U.S.is a global leader. In return, China will send a delegation to a foreign investors meeting in the US this summer.

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