- China agreed Wednesday to move toward lifting restrictions on some U.S. beef imports and provided new assurances that its efforts to promote domestic innovation won't discriminate against foreign firms.
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From the Wall Street Journal:
China agreed Wednesday to move toward lifting restrictions on some U.S. beef imports and provided new assurances that its efforts to promote domestic innovation won't discriminate against foreign firms.
China's pledge to gradually reopen its market to U.S. beef from cattle under 30 months old was one of a number of potentially significant announcements coming out of two days of bilateral trade talks, signaling a further easing of tensions in the growing economic rivalry.
As with previous rounds of bilateral trade talks, most of the concessions were made on the Chinese side, although there were no major breakthroughs and the importance of the agreements Beijing made will depend on implementation. The U.S., for its part, agreed to consider Chinese concerns over trade-remedy cases and export controls on sensitive technologies.
