Overblown claim on new China trade deal

Overblown claim on new China trade deal

A new trade deal between the us and China will allow the U.S.to break back into that beef market.

"China is the second largest beef importer in the world, buying roughly $2.6 billion of beef every year", he said as he announced the plan.

For example, notable for its absence was anything related to the US steel industry, which has been promoted by President Donald Trump.

According to the officials of Trump's administration, it is a serious step.

"What this agreement will mean is opening the door for USA beef to 1.4 billion customers", Ellingson said. Adds Uden, China now represents 12% of the world's beef market, up from ½% five years ago.

These agreements are the fruit of discussions between Chinese President Xi Jinping and Trump last month when they set a 100-day deadline to improve trade relations.

Professor Shi Yinhong, director of Renmin University's Centre for American Studies, said China wanted to avoid potentially drastic measures by Mr Trump.

The Trump administration parked its get-tough rhetoric on trade with China to trumpet an agreement on beef and energy exports with Beijing, even as the White House continues to rail against supposed abuses by friendly countries like Mexico and Canada.

Happy Cinco de Mayo! Here are 5 facts about the day
But guess what? If you're not a total asshole who doesn't give a shit, you can avoid insulting an entire culture. Some even celebrate with Chihuahua races: One U.S. city celebrates Cinco de Mayo with a Chihuahua race.

Commerce Secretary Wilbur Ross announced deals that will send US beef exports to China, allow Chinese imports of cooked poultry, expand USA electronic payment services and provide for faster regulatory approval of biotechnology products by Beijing. The deal also allows foreign-owned firms to offer credit-rating services in China and provide licenses to two US financial institutions to underwrite bonds. The countries also agreed to open up US exports of liquefied natural gas to China. They agreed a deal needed to be reached within 100 days or by July 16.

In Beijing, Vice Finance Minister Zhu Guangyao told reporters the early results of the agreement showed that economic collaboration between the two sides "couldn't be closer".

Ricketts on Friday applauded news that China would allow American beef into the country for the first time since 2003. Previous administrations have hailed market-opening agreements only to be left disappointed.

"As noted in the U.S". But he can at least savor a breakthrough in his most important but contentious trade relationship. In addition, NCBA expects China would be interested in the same beef products popular in other Asian countries - products that don't see high demand in the US - boosting the overall value of a carcass, he said. "Additionally, opening up Chinese markets to USA natural gas will help to reduce flaring and create good jobs".

China is turning more to natural gas as a way to reduce its dependence on coal and combat the country's extensive air pollution.

Although there are limited supplies of U.S. hormone-free beef available, there would be limited scope for the U.S. to supply China with beef at any volume without a change in attitude.

"Now, the wholesale price of natural gas at Henry Hub, the largest United States gas [distribution] hub, is 3.37 dollars per 1 million BTU, or $120 per thousand cubic meters".

Related news:

Hot News

isis-killer-beheading-video-story-top Donald Trump dismisses Russian Federation collusion claims as a total hoax
May 14, 2017 - 12:36
Justice Department until Trump fired her on January 30 for declining to defend his travel ban on seven Muslim-majority countries. The Jan. 26 conversation took place two days after the Federal Bureau of Investigation interviewed Flynn about those contacts.

isis-killer-beheading-video-story-top Blue Jays' Jay Biagini goes five strong in a win over Seattle
May 14, 2017 - 12:26
The Cleveland Indians are looking for another series victory tonight in Toronto after a 6-0 win over the Blue Jays Tuesday night. Liriano struggled to start the season with the Pirates past year , and was eventually traded to the Toronto Blue Jays.

isis-killer-beheading-video-story-top #13-Cal Stops San Jose State, 4-0, In NCAA Women's Tennis
May 14, 2017 - 11:35
Obviously, it would have been nice to have not been so close there at the end, but on the other hand I thought we did quite well. This is the Shockers' ninth-straight trip to Division I postseason play. "Britt has been a rock for us", Corbett said.

Capitals overwhelm Penguins 5-2 to force Game 7
May 13, 2017 - 04:02
Not once, but twice between the 2009 and 2016 Stanley Cups , the Penguins blew 3-1 series leads and lost (at home) in Game 7. I think what you're talking about is the difference between checking with a doctor and entering the concussion protocol.

I was going to fire Comey no matter what
May 12, 2017 - 11:37
Trump has violated so numerous norms of the office of President that some people may see this latest insult as of a piece. Comey had said during a congressional hearing in March that he saw no evidence to support that claim.

Concussion spotter couldn't pull Crosby for hitting boards
May 12, 2017 - 11:36
Through the regular season and the playoffs combined, the Caps have scored only once at 4-on-4. "We know our recipe for success . Fleury has allowed nine goals on 58 shots the past two games after nine on 142 shots the first four games against the Capitals.

isis-killer-beheading-video-story-top Avery Bradley giving Celtics big lift
May 12, 2017 - 11:11
Avery Bradley did the heavy scoring lifting, going off for 14 of his playoff career-high 29 points in the first quarter. The Celtics came out inspired on defense, and Thomas's backcourt mate, Avery Bradley, scored at will early in the game.

isis-killer-beheading-video-story-top History of Mother's Day: Anna Jarvis
May 12, 2017 - 11:07
Another mother cried for nearly an hour to plead that her daughter graduate with her batch, even if she had failed in a subject. Mary Lou Horlacher certainly wasn't flawless - no more than any other mother - but she often sacrificed greatly for my welfare.

isis-killer-beheading-video-story-top Raptors beat Bucks in six games to advance
May 10, 2017 - 12:43
The team ended its opening-round series against the Bucks with a roller-coaster 92-89 victory in Milwaukee on Thursday night. After holding a commanding 72-48 lead with less than four minutes remaining in the third quarter, Toronto fell apart.

Trump calls for 'good shutdown' to fix mess in Senate
May 10, 2017 - 12:41
The funds would also not be included in calculating the starting point for future negotiations over defense spending. Democrats say House Republicans up for re-election next year will face a backlash from voters over the bill.

Pope Francis calls for 'watered down' United Nations to reassert leadership
May 10, 2017 - 12:36
The visit was the first by Francis to Cairo , but the second by a Catholic pope after John Paul II visited Egypt in 2000. And I can tell you also I don't believe that the president of China, who is a very respected man, will be happy either".

isis-killer-beheading-video-story-top Is the NHL's concussion protocol failing the players it's supposed to protect?
May 10, 2017 - 12:13
A year ago, Washington trailed Pittsburgh 3-1 in the second round, won Game 5 at home only to fall in overtime of Game 6 . However in the National Hockey League playoffs, game 7's are usually wild affairs where anything can happen.

isis-killer-beheading-video-story-top Sheriff pushes back against Texas' "sanctuary city" ban
May 09, 2017 - 12:51
In fact, Hernandez does honor detainer requests from federal immigration authorities for inmates accused of serious offenses. Its passage is a major victory for Abbott and Republicans who advocate for stricter enforcement of immigration law.

Why Macron Won The French Presidential Race
May 09, 2017 - 12:37
Capturing the presidency is a remarkable achievement for Macron, who built his En Marche! movement in just the past one year. The final count from the interior ministry put his total at 66.1 per cent of the vote against Ms Le Pen's 33.9 per cent.

isis-killer-beheading-video-story-top New Leader Of Le Pen's Party Accused Of Gas Chamber Denial
May 09, 2017 - 10:34
Many had feared another anti-establishment shock to follow Britain's "Brexit" vote and Donald Trump's election as USA president. Angela Merkel (July 28, 2016) and French presidential candidate for the " En Marche " movement Emmanuel Macron, March 4, 2017.