China agrees to import more from US, no sign of US$200bil figure


Containers are transferred at the port in Qingdao in China's eastern Shandong province on May 8, 2018. China's surplus with the United States widened in April, underlining an imbalance between the economic titans as they struggle to reach an agreement on averting a potentially damaging trade war. - AFP

WASHINGTON: China has agreed to significantly increase its purchases of US goods and services, the two countries said on Saturday, but made no mention of a US$200bil target the White House had touted earlier.

Beijing and Washington agreed they would keep talking about measures under which China would import more energy and agricultural commodities from the United States to close the US$335bil annual US goods and services trade deficit with China.

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Business , China , US , imports , exports , trade , war , economy ,

   

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