China agrees to import more from U.S.
After joint talks in Washington, China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit. Jillian Kitchener reports.
Progress has been made in the trade dispute between the U.S. and CHINA...
who has agreed to take measures to boost imports from the U.S. to reduce America's trade deficit.
But there's been no mention of the $200 billion target the White House touted this week, and which China had denied agreeing to.
What they HAVE agreed to is to keep talking about the measures under which China WOULD purchase more American goods and services.
That's according to a joint statement, which said there was a consensus on reducing the $335 billion annual trade gap.
That trade imbalance has drawn intense criticism from President Trump,
who has threatened to impose up to 150 billion dollars in punitive tariffs to combat what he says is Beijing's misappropriation of U.S. technology.
The statement made no mention of whether restrictions would loosen on Chinese telecoms equipment maker, ZTE, which Trump this week tweeted he would help "get back into business, fast."