During their meeting in Florida in April, the Chinese and American Presidents announced a 100-day plan to improve economic ties. A hundred days later, the results of the plan are meager. After 14 years, China finally allowed imports of U.S. beef after a ban had been imposed in 2003 following the outbreak of mad cow disease. The resumption of beef imports was a victory for U.S. meat exporters. In return, the U.S. allowed cooked chicken from China to be sold in its supermarkets. Imports of raw chicken from China are still prohibited. China granted certificates for two of eight U.S. biotechnology products – genetically modified crops that were pending safety evaluations. It now accepts imports of Dow AgroSciences’ Enlist corn products and Monsanto’s Vistive Gold soybeans. China has strict limits on genetically modified imports, and only approved one variety last year. China also opened its markets to the import of liquefied natural gas (LNG) from U.S. suppliers. Sinopec said its trading unit, Unipec, would be accepting long-term agreements from 2022. China said it would allow foreign financial services companies to provide credit rating services, no longer requiring them to set up joint ventures with local partners to operate. China also agreed on “full and prompt” market access for U.S. electronic payment service providers such as MasterCard and Visa, allowing them to begin the licensing process. China’s electronic payment system remains dominated by state-owned UnionPay. China agreed to issue bond underwriting and settlement licenses to both JPMorgan and Citigroup, and the U.S. sent a delegation to the Belt and Road Summit in Beijing in May. While all those measures count as achievements, many tougher economic issues between the two countries remain unresolved. Analysts also said that efforts to reduce the U.S. trade deficit with China have so far produced few results.