US and China sign trade agreement

[nitpicker]

http://www.bbc.com/news/business-39894119

US and China sign trade agreement

1 hour ago

From the section Business

The US and China have reached a 10-point trade deal that opens the Chinese market to US credit rating agencies and credit card companies. Under the deal, China will also lift its ban on US beef imports and accept US shipments of liquefied natural gas. In return, Chinese cooked chicken will be allowed into the US market and Chinese banks can enter the US market.
(snip)

The agreement is seen as an indication that US President Donald Trump is adopting a less confrontational approach with Beijing than he promised during last year's election campaign. Mr Trump had threatened to label China a "currency manipulator" and impose trade tariffs on its goods, but has since softened his position. He had also attempted to link US-China trade talks to concerns over North Korea's nuclear ambitions, urging Beijing to exert more pressure on Pyongyang.

However, after the trade deal was announced, China's vice-minister of finance, Zhu Guangyao, said economic issues should not be politicised. "On the connection between the North Korean nuclear issue and our economic '100 days' plan' negotiations, I can tell you frankly that our economy team focused all their efforts on economic issues," he told journalists.
(snip)

The criticism that foreign investors usually have of doing business with China is that typically it is China that benefits far more than the foreign business partner. That has been the rallying cry of President Trump on the campaign trail, and he has promised to get China to play by the rules. This agreement looks set to at least give the impression that he is doing that. It certainly benefits the US by giving American financial services and American beef exporters more access to China's growing middle classes.

But China isn't one to give away something for nothing. In return, Beijing gets an important reshaping of its global image from the US. No longer do you hear the words "currency manipulator" or "unfair trade partner" from Trump's lips. Instead, the US in a statement recognised the importance of China's One Belt and One Road initiatives, and even says it will send representatives to attend the summit - something previous administrations have thus far eschewed.
(snip)

(((time to check to see if country of origin is on those frozen packs...)))

[dubyadiprecession]

1. Some of that Chinese chicken would hit the spot in North Korea.

People are starving there comrade!

[Afromania]

2. I'm not even a novice here

But won't this put a strain on the US based food industries and eventually promote even worse methods of food production? Next step is probably going to be FDA deregulation so that we have to redefine what "food" is. Next, should we really give their banks access to our financial infrastructure to legally get out information and draw out more wealth from this country via credit debt? I mean cmon you just know our banks will have to announce they are american over there. Meanwhile here their shit will probably be buried under subsidiaries and well be paying China for the homes we own. Again I'm a novice and would love to hear from the experts about this.

[ATL Ebony]

3. Oh boy, Chinese cooked chicken -- no thanks.