The Trump administration has reached new deals with China to ease market access for a variety of industries, including beef and financial services, as the White House makes progress on trying to soften economic barriers between the two sides.
The 10-part agreement, announced by Secretary of Commerce Wilbur Ross, comes as part of an ongoing negotiation between the two countries following a meeting between President Trump and Chinese President Xi Jinping last month.
“We have some very big news,” Ross told reporters Thursday. “U.S.-China relationships are now hitting a new high, especially in trade. We’re announcing, jointly with the Chinese, the initial results of the 100-day action plan of the U.S.-China Comprehensive Economic Dialogue.”
But experts were less impressed.
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