China has agreed to purchase more U. S. goods and services following a second day of trade talks between Washington and Beijing on Friday. In a joint…
China has agreed to purchase more U. S. goods and services following a second day of trade talks between Washington and Beijing on Friday.
In a joint statement issued Saturday, the U. S. and China said « there was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China. »
« To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services, » the statement reads. « This will help support growth and employment in the United States. »
But according to The Wall Street Journal, Chinese negotiators resisted demands from Washington to cut the trade deficit between the two countries in half. China was also cautious about committing to specific purchases of U. S. goods and services.
