The United States has finally settled a few aspects in its commercial relationship with China. The two countries negotiated a number of preliminary agreements. These talks were focused on different American merchandise such as poultry, beef, and electronic payment systems. On the other hand, there are still urgent matters to clarify which were left as they were during these negotiations.
China’s Preliminary Agreeements Concern American Beef , Financial Services, and Poultry
On Thursday, representatives summoned the press to discuss recent preliminary agreements between The United States and China. This disclosure also contained an announcement according to which President Trump is going to send his spokespersons to Beijing.
This is where they are going to support President Xi Jinping in his efforts for international investment, called One Belt, One Road. All these recent events indicate that President Trump is trying to get on the good side of China.
According to these recent deals, China is going to accept trades of American beef within its own territory by a preliminary deadline. Moreover, the country is going to emit a verdict soon on whether to accept bioengineered seeds or not. Not only this, but China also promised to consider allowing foreign financial companies to offer payment services there.
Trump Recognizes China as an Influential Power in World’s Economy
As a consequence, in the upcoming months, two U.S. financial firms might receive Chinese licenses to underwrite bonds. If this happens, the United States is bound to enable China to trade its exports of cooked poultry.
Moreover, Matthew Pottinger, who was chosen by Trump to supervise Asian affairs in America, is going to take part in an official event in Beijing. Pottinger will represent the United States. He will be by the side of the Chinese President during one of his important foreign policies. This move translates in Trump’s recognition of the importance of China in consolidating economic balance across the Mideast, Eastern Europe, Eastern Africa, and China.
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