China to Increase Purchase of US Goods to Support Employment in US - White House

© AP Photo / Andrew HarnikChina's flag is displayed next to the American flag on the side of the Old Executive Office Building on the White House complex in Washington (File)
China's flag is displayed next to the American flag on the side of the Old Executive Office Building on the White House complex in Washington (File) - Sputnik International
Subscribe
In order to encourage more US purchases, China will "advance relevant amendments to its laws and regulations," including the patent law, the joint statement of the White House and China said.

"There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China. To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States," the joint statement reads. 

FILE - In this Nov. 9, 2017 file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing - Sputnik International
China Commerce Ministry Ends Anti-Dumping Probe Into US Sorghum
It is noted that the parties have agreed to "significantly increase the export of agricultural goods and energy." The US will also send its delegation to China to work on the details.

The statement closed joint talks on May 17-18 between the two countries, with several US cabinet secretaries and China's State Council Vice Premier Liu He having participated.

US President Donald Trump made reducing the trade deficit between the United States and China a key campaign promise.

READ MORE: Have Chinese Tech Companies Found a Safe Haven From US Sanctions?

Earlier, the US International Trade Commission stated that the US Commerce Department would impose anti-dumping sanctions on steel tube imports originating from China and five other countries.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала