 "China and US")
The trade deal that the United States and China are crafting would give Beijing until 2025 to meet commitments on commodity purchases and allow US companies to wholly own enterprises in China, Bloomberg reported on Wednesday, citing three unnamed people familiar with the talks.
Under the proposed agreement, China would commit by 2025 to buy more US commodities, including soybeans and energy products, and allow 100 percent foreign ownership for US companies operating in China as a binding pledge that can trigger retaliation from the US if left unfulfilled, Bloomberg said, citing sources.
Trade talks between the two
Under the proposed agreement, China would commit by 2025 to buy more US commodities, including soybeans and energy products, and allow 100 percent foreign ownership for US companies operating in China as a binding pledge that can trigger retaliation from the US if left unfulfilled, Bloomberg said, citing sources.
Trade talks between the two
