China Agrees To Buy More U.S. Goods In Hopes Of Alleviating Trade Tensions - FbiCables Network | The News that Shapes World Opinion

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Sunday, May 20, 2018

China Agrees To Buy More U.S. Goods In Hopes Of Alleviating Trade Tensions


Treasury Secretary Stephen Mnuchin is sworn in to assume the role on February 13, 2017. (Wikipedia)
China is agreeing to purchase more U.S. goods in an effort to alleviate trade tensions between the world’s largest economies.
In a joint statement today, the U.S. and China said there was a consensus on taking steps to reduce the trade deficits between the two countries.
China reportedly resisted demands from Washington to cut trade deficits in half, and was hesitant to commit to purchasing more U.S. goods.
Nonetheless, both sides agreed on meaningful increases in both U.S. agriculture and energy exports.
Senior U.S. officials –including Treasury Secretary Steven Mnuchin and U.S. trade representative Robert Lighthizer– continue to engage in talks with China in hopes of avoiding a trade war.

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