Economics
China Will ‘Significantly’ Boost U.S. Purchases. By How Much Is the Question
- Beijing envoy says both sides pledge to avert trade war
- No word on reports China to cut surplus by $200 billion
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China will “significantly increase purchases” of U.S. goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies.
A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment by President Donald Trump’s top economic adviser suggesting Beijing had agreed to slash its annual trade surplus with the U.S. by $200 billion.