U.S. Commerce Secretary Wilbur Ross said China needed to “guarantee fair and reciprocal treatment for U.S. firms” as he tried to strike an upbeat tone on a visit to Beijing amid trade tensions between the two countries.
Ross told Premier Li Keqiang on Monday that the United States hoped for “very good deliverables” when U.S. President Donald Trump visits China, likely in November.
In a statement on Tuesday, the U.S. Commerce Department said that Ross had also pressed China on the “need to rebalance bilateral trade and investment relations” and urged it to take “meaningful action” on trade issues.
“Secretary Ross once again continued to stress the need for concrete action to address the concerns of U.S. businesses, and that the U.S. would take action to defend American workers and businesses if cooperative efforts bear no fruit,” the department said.
via Reuters 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.