U.S. Commerce Secretary Closes Deal With China
Commerce Secretary Ross said the deal will open markets in China to U.S. beef exports by mid July, with China gaining access to U.S. markets for its cooked poultry goods.
U.S. Commerce Secretary Wilbur Ross closed trade deal with China Friday that he said could begin the slow process of reducing the multi-billion dollar deficit between the world's two biggest economies.
Ross said the deal will open markets in China to U.S. beef exports by mid July, with China gaining access to U.S. markets for its cooked poultry goods. The two countries will also look to open China's market to U.S. credit ratings firms and credit card payment services firms, officials said, in what U.S. President Donald Trump is likely to hail as a significant policy achievement amid the turmoil surrounding his firing of FBI Director James Comey.
This article was written by a staff member of TheStreet.
