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The South China Morning Post reports that China and the United States have agreed on an arrangement for trade between the two countries to be liberalised.
US credit rating services, electronic payment services and bond underwriting business are now all allowed in Chinese market.
[...] Under this agreement, China will accept beef from the US into the Chinese market, effectively ending the 14-year ban on American beef after an outbreak of mad-cow disease in [the] US in 2003.
Reciprocally, [the] US will allow Chinese cooked chicken to [be sold] in the American market.
The deal also provides for Chinese banks to operate in the United States, and for liquefied natural gas from the United States to be sold in China.
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U.S. and China Make Trade Agreement
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"History is a tool used by politicians to justify their intentions."
-- Ted Koppel
(Score: 2) by its_gonna_be_yuge! on Sunday May 14 2017, @12:18AM (4 children)
So Trump negotiates a quick trade deal with China to mitigate all the other trade deals.
Since it isn't an easily-learned acronym like NAFTA or TPP, it won't catch on with Trump supporters. Especially since Trump sponsored it.
I'll laugh myself silly when some next POTUS calls Trump's trade deals "A DISASTER" ... "THE WORST EVER" the way Trump denigrates any trade deals not done by him.
(Score: 2) by Runaway1956 on Sunday May 14 2017, @12:28AM (3 children)
Every trade deal I've looked at in the past 20 years has been a disaster. Why should this one be any different? Because Trump? That would be funny, but to many people would say it like they were serious. No trade deal benefits the American working man or woman. The trade deals have one purpose, and one purpose only: to further enrich those who are already rich.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @01:03AM (2 children)
Look, Trump isn't that bright but he's not a moron. By all means dislike the guy but recognise that, as easy as it is to mock the persona, you should not underestimate the guy. Behind the buffoonery, there's an above average IQ at work. This is a partial and mutually beneficial reduction in sanctions masquerading as a trade deal. It is politically expedient and an incredibly smart move given the current geopolitical situation.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @01:48AM (1 child)
Unless you use the clinical definition for the term [wikipedia.org], I'll keep my reserves on this.
God forbid that! There's only one more dangerous than a moron in a power position, namely lots of them in power positions!!!
And he's still playing "the Apprentice" and creating new needs for nomination.
(Score: 0) by Anonymous Coward on Sunday May 14 2017, @04:23AM
Most autocrats are not very smart.
Particularly the ones who get elected and then turn their countries in dictatorships.
They don't do it on purpose, they just aren't smart enough to run a functioning open democracy. They govern stupidly and things just get progressively worse with each bad decision until one day they wake up and they are on top of a throne all alone. At which point it then becomes a desperate scramble to keep from falling off the throne (and their subsequent execution). They are willing to sacrifice anyone else in order to stay on the throne and so everything really goes to shit then.