Economics
Wilbur Ross Plans Early-June China Trip
- China has agreed to buy more U.S. goods, but details scant
- Trump says trade talks with China just getting started
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U.S. Commerce Secretary Wilbur Ross plans to visit Beijing in early June to work out the details of a broad commitment from China to increase its purchases of American goods.
The Trump administration eased fears of a trade war last week by agreeing to drop its tariffs threats while the two countries continue to negotiate. In a joint statement on Saturday, China promised to import significantly more from the U.S. -- particularly in energy and farming goods. The statement was short on details and put no dollar target for cutting the trade gap.