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The U.S. and China have agreed on a plan to “support growth and employment in the United States” which will entail China buying “significantly” more U.S. goods and services, the two countries said in a joint statement Saturday.
Delegations from the two countries met this week to discuss a number of trade issues, including intellectual property protections, and agreed to take “effective measures” to substantially reduce the U.S. trade deficit with China. On the U.S. side was Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, and U.S. Trade Representative Robert Lighthizer. The Chinese delegation was led by State Council Vice Premier Liu He, special envoy of Chinese President Xi Jinping.
The article goes on to state the following:
While both sides agreed the talks were “constructive,” the U.S failed to reach their goal of getting China to agree to a $200 billion cut in the U.S. bilateral trade deficit, according to the Wall Street Journal.
NEW: U.S. and China say they have “engaged in constructive consultations” regarding trade, according to joint statement.
— ABC News (@ABC) May 19, 2018
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