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U.S.-China trade deal serves up potential corporate winners
May 12, 2017 1:10 PM EDTBy Lewis Krauskopf
NEW YORK (Reuters) - Beef companies, credit card firms and liquefied natural gas exporters emerged as potential corporate winners on Friday in the wake of trade agreements reached between the United States and China.
Initial reaction on the U.S. stock market was relatively subdued after the announcement late on Thursday, part of Washington's drive to cut its trade deficit with Beijing.
In one of the actions laid out under the agreement, by July 16, China agreed to issue guidelines that would allow U.S.-owned card payment services "to begin the licensing process."
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