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5/14/17

Trade Agreement: US and China announce deal aimed at reducing trade gap

Beijing and Washington on Friday unveiled a trade deal aimed at reducing the US trade deficit with China, as the Kushner family’s real estate company abandoned a business programme targeting Chinese investors.

The trade deal would give US beef, natural gas and certain financial services access to China's massive market of 1.37 billion people. In exchange, the US would lift barriers to Chinese cooked chicken products.

The deal seems to be part of warming trade relations between the US and China. Despite President Donald Trump’s aggressive rhetoric against China throughout the US presidential campaign, Trump and Chinese President Xi Jinping launched a 100-day action plan on economic cooperation last month.

Read more: US and China announce deal aimed at reducing trade gap - France 24

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