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China official discourages linking United States trade moves to North Korea issue

China official discourages linking United States trade moves to North Korea issue

But Mr Ross told reporters that it "will help us to bring down the deficit".

The United States is fast becoming a major LNG exporter, though few of its export cargoes to date have been shipped to China.

"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 US -manufactured exports", said Brad Setser, a senior fellow at the Council on Foreign Relations.

The deal is the first sign of progress on the 100-day action plan that Trump and Xi called for during their meeting at Trump's Florida estate in April. Trump has since softened his tone as he's sought the country's cooperation in mitigating the nuclear threat from North Korea. "The keen for a slice of the pie", said Massimo Di-Odoardo, WoodMac's head of global gas and LNG research.

"[Ross] has launched similar "Section 232′ reviews of the US steel and aluminum sectors, where a flood of imports especially from China has depressed prices, threatening the industries" long-term health", Reuters reported, noting that both reviews could result in metal import restrictions.

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"So while we fully support efforts to ensure trade in semiconductors is fair and market-based, we do not believe a Section 232 investigation is the right tool to be applied to our industry", SIA President John Neuffer told Reuters.

But he noted that China has "made a lot of positive commitments that it hasn't followed through on" in the past.

China agreed to give "full and prompt market access" to payments companies, like Mastercard Inc.

USA support of China's "One belt, one road" initiative to connect China more deeply to global markets. In the negotiations leading to China's accession to the World Trade Organization more than a decade ago, the United States fought for access to China's telecom industry. It also grants more access to American credit rating agencies, bond underwriters and other financial service businesses. China's Ministry of Commerce and National Development and Reform Commission had already proposed draft regulations in December that would have opened up that market.

Beijing will issue bond underwriting and settlement licences to two United States financial institutions.

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Ricketts on Friday applauded news that China would allow American beef into the country for the first time since 2003.

It has been over 13 years since China blocked imports of United States beef, following an outbreak of bovine spongiform encephalopathy (BSE) - colloquially known as mad cow's disease - in 2003. "We will be reaching out to our state's beef community to ensure that we continue to position Nebraska to play a key role in the Chinese market".

He added, "We look forward to providing almost 1.4 billion new customers in China with the same safe and delicious USA beef that we feed our families".

The U.S. Commerce Department announced yesterday a 100-day action plan between the U.S. and China that allows Chinese companies to negotiate long-term contracts to source LNG from U.S. suppliers.

Business investment summit: The U.S. will send delegates to a summit for a Chinese initiative to expand links between Asia, Africa and Europe, and will welcome Chinese participation in a U.S. business investment summit in June.

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