Trade deal feeds China taste for beef, won't close deficit
May 12, 2017
BEIJING (AP) — A new China-U.S. trade deal will help sate the growing Chinese appetite for beef and allow more natural gas imports to fuel the country's expanding economy, but it steers clear of bigger issues that would have more substantial impact on the U.S. trade deficit.
The agreement announced on Friday Beijing time appears a step toward easing discord between the world's two largest economies. Tensions have been stoked by President Donald Trump's aggressive rhetoric against Chinese exports and barriers to U.S. goods and investment.
It also suggests still wider room for compromise. T...