United States and China agree to beef trade by July


China was the 21st largest market for U.S poultry exports in 2016, purchasing only $33 million out of a total $3.875 billion of US poultry exports.

"We exported as much as $750 million a year in chicken and a little bit of turkey to China, and it was a little over two years ago when we had our first avian influenza problems that China imposed a nationwide ban", he recalls.

The deal lowers barriers on US beef and liquefied natural gas exports to China as well as on some other goods and services. Not a breakthrough The US trade deficit with China was $347 billion past year.

The deal also fast-tracks US approval of Chinese poultry imports and gives Chinese banks more access to the USA market.

"The agreement struck is a monumental step forward that will open the door for the sale of commonly recognized beef cuts, like chucks and rounds, as well as other specialty cuts, to almost 1.4 billion new customers", said Warren Zenker, president of the North Dakota Stockmen's Association. Secretary of Commerce Wilbur Ross heralded the deal as a "herculean accomplishment".

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Miller, along with members of the U.S. Departments of Agriculture, Commerce, and Treasury, worked on a proposal, which China's government agreed upon.

However, he thinks President Trump's decision to renegotiate trade deals with China is a step in the right direction. "But that piece is very encouraging to USA beef producers". "China will have access to the finest beef in the world - Montana beef - and Montana producers will have access to a growing market".

Sen. John Hoeven, R-N.D., said in a statement that the agreement is good for the state. "American companies, workers, farmers and more are eager for more access to Chinese markets and they'll look to ensure reality matches the rhetoric of these promises", Mulhauser said. We have all the ingredients for a good trade deal with a market that is absolutely seeking the kind of high-quality beef the United States of America has to offer.

Ari Giovenco, the Internet Association's director of trade and global policy, said the agreement did not address obstacles facing USA cloud service providers in China. China has a long history of formally granting market access but then effectively blocking it by controlling how Chinese firms conduct business, or by other informal restrictions on how foreign companies can operate.

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

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U.S. Trade Representative Robert Lighthizer, confirmed May 11, said in his Senate hearing in March he recognized the importance of digital trade provisions. "Doing this also with China would expose our domestic cattle herd to an unacceptable risk". They agreed a deal needed to be reached within 100 days or by July 16.

While Trump had earlier said China could receive more favorable trade terms from the U.S.in return for help in persuading North Korea to cease its nuclear and missile activities, Zhu downplayed any suggestion of a link between the two.

Both sides played up the deal.

SCOTT KENNEDY: A productive first step in addressing some long outstanding problems that the U.S. has in its relationship with China.

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