Trade Agreement Signed by US and China
May 12 , 2017
As per reports, a 10-point trade deal has been signed by the US and China which enables the Chinese market to open to the US credit rating agencies as well as credit card companies.
According to the deal, China will be lifting its ban on US beef imports and the US shipments of liquefied natural gas will be accepted. Also, Chinese cooked chicken will be available in the US market and Chinese financial institutions will operate in the American market.
As mentioned by US Commerce Secretary Wilbur Ross, by the end of 2017, the deal will be reducing China's trade surplus with the US.