The U.S. and China wrapped up their second day of talks with Beijing agreeing to buy more American goods and services but resisting demands that it reduce by more than half the vast trade deficit it has with the U.S., according to people briefed on the talks.
The Chinese were wary of committing to any specific amount of purchases, the people said, but were looking for a way to ease trade tensions between the two nations, which have rattled markets globally. Earlier Friday, White House National Economic Council Director Lawrence Kudlow said China would buy more farm products, energy and financial services.
(More to come.)
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Appeared in the May 19, 2018, print edition as ‘Small Progress in China Trade Talks.’