U.S.-China trade deal is one of the main drivers of both economies. China agreed to buy $200 billion more in U.S. goods and services over two years. China’s 1.4 billion consumers represented the fastest growing market for U.S. companies, but U.S. firms also faced myriad challenges doing business with China. The purchase of U.S. goods by China if accelerated should boost recovery of the U.S. economy.
Reuters