China will finally open its borders to U.S. beef while cooked Chinese poultry is closer to hitting the American market as part of a U.S.-China trade agreement.
Trump administration officials hailed the deal as a significant step in their efforts to boost U.S. exports and even America’s trade gap with the world’s second-largest economy.
The United States would also allow U.S. companies to ship liquefied natural gas to China as part of the bilateral agreement reached following President Donald Trump’s meeting with Chinese President Xi Jinping in April. The agreement covers a number of long-standing barriers in areas ranging from agriculture to energy to the operation of American financial firms in China.
Commerce Secretary Wilbur Ross hailed the agreement as “a herculean accomplishment” forged in record time.
“This is more than has been done in the whole history of U.S.-China relations on trade,” Ross told reporters Thursday evening at the