Business/Finance
See other Business/Finance ArticlesTitle: China Offers Concessions to Avert Trade War With U.S.
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URL Source: http://americanlookout.com/rms-winn ... s-to-avert-trade-war-with-u-s/
Published: Apr 10, 2017
Author: aa
Post Date: 2017-04-10 09:30:29 by HAPPY2BME-4UM
Keywords: None
Views: 64
It appears as though the meeting between President Donald Trump and Chinese President Xi Jinping was very successful as China is now offering concessions because it realizes that a trade war will hurt them more than it hurts the United States.
Reuters reports:
China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.
“China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump’s election victory),” the Financial Times also reported citing a Chinese official involved in the talks.
U.S. Commerce Secretary Wilbur Ross said on Friday that President Donald Trump and Chinese President Xi Jinping have agreed to a new 100-day plan for trade talks on Friday.
The U.S. trade department was not immediately available for comment while the China’s ministry of commerce could not be reached for comment.
The mainstream media definitely is not likely to report on this because it is good news for the American people which means it’s bad news for the mainstream media.
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