Ricketts: Nebraska will benefit from exporting beef to China

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However, the quick progress signals a more pragmatic approach by the administration to dealing with trade tensions between the two countries, after months of saber-rattling and talk of a trade war. "So it seemed weird, we have too much of it, it's much cleaner than coal would be, and yet we weren't really doing a big job of exporting it to China".

But it is the latest sign that the USA president is adopting a less confrontational approach with Beijing.

Trump had threatened to impose trade tariffs and label Beijing a currency manipulator, neither of which he has done.

Some Minnesota farmers woke up to good news Friday morning, and it came all the way from Beijing.

The trade deals contained mixed news for us food producers.

The administration announced on Thursday that China would begin importing US beef no later than July 16.

Visa said in an emailed statement it looked forward to submitting an application for a bank-card clearing institution license, which, "once granted", would allow it to support economic development in China. "I'm dealing with a man, I think I like him a lot". "That's the first time I've heard them say that in a bilateral context", he said.

The Trump administration may have scored some political points with Beijing by referencing the importance of the Belt and Road Initiative - an economic plan unveiled by President Xi Jinping and to be discussed in a two-day meeting in Beijing starting Sunday. He cautioned, "Chinese bank accounts are used to conduct business with North Korea and the USA should force Chinese banks, many of which have multinational operations, to choose between aiding North Korea and accessing the United States banking system". And it welcomes Chinese investors to take part in an investment summit in Washington next month.

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"The challenge is selling manufactured goods into China — there isn't anything in this deal to suggest China is going to become more open to USA -manufactured exports", said Brad Setser, a senior fellow at the Council on Foreign Relations. "Clearly both leaders are more interested in getting things done, rather than talking about them", said Prof Zhao, a U.S. expert from Tsinghua University. -China trade agreement, Commerce Secretary Wilbur Ross puffed a bit too hard in describing its greatness. However, Chinese chicken could raise USA food-safety concerns.

In financial services, China said it would begin allowing wholly foreign-owned financial groups to offer credit rating services in China by July 16.

In return for allowing American beef, China will soon be able to send cooked poultry to the U.S. The move would allow China to diversify its supply and provide a significant market for American suppliers - though the expansion could boost prices for USA consumers.

Some of those Chinese pledges echo ones made in the past. After a World Trade Organization panel ruled against it in 2012, China issued new industry guidelines in 2015 that it said would clear the way for foreign firms.

U.S. and China have grappled with many issues in recent years. "Past foot-dragging means we won't celebrate until these promises are executed", Gibbs said, calling the opening in the electronic payments market "mainly symbolic".

"This should have been done years ago when it would have made a difference". "We look forward to providing almost 1.4 billion new customers to China with the same safe and delicious USA beef that we feed our families".

A number of USA companies are seeking permits to build facilities to process liquefied gas, which would allow America to become a net exporter of gas, something it has not been since the 1950s.

Increased cooperation between the Shanghai Clearing House and the U.S. CFTC.

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