We all know that President Donald Trump literally wrote the book on “The Art Of The Deal,” but it never ceases to amaze us to witness him use his deal-making savvy to help make America prosperous again.
After one meeting with Chinese President Xi Jinping, that’s exactly what happened. The American cattle industry just got a massive boost from Trump.
Washington Examiner reports:
President Trump’s first meeting with Chinese President Xi Jinping reportedly made progress on trade issues with the world’s largest country.
The Financial Times reported China offered to drop the ban on American beef, in place since 2003, and offered to allow foreigners to have majority stakes in Chinese investment and securities companies.
The former concession from the Chinese would allow American cattle producers to have access to a massive new market, while the Financial Times reported the latter is something that was discussed under former President Barack Obama but was received positively by Trump last week.
Trump and Xi met for two days of talks at Mar-a-Lago in Florida last week. Trump tweeted that he and Xi made progress on a personal relationship level but only time would tell about how the country’s trade relationship would go.
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