Posted on 05/19/2018 2:28:10 PM PDT by Olog-hai
Just-ended U.S.-China trade talks produced a commitment by Beijing to “significantly increase” its purchases of American goods and services, according to a joint statement Saturday from the rival economic powers trying to lower trade tensions.
They also agreed on “meaningful increases” in U.S. exports of agriculture and energy products and greater efforts to increase trade in manufactured goods and services.
The statement, however, provided no dollar amounts on how much China might boost its purchases of American products.
The statement also was silent on whether the talks had made progress in easing the trade standoff between the world’s two biggest economies. Washington and Beijing have threatened to impose billions of dollars in punitive tariffs on each other.
The statement said they did agree on the need for “effective measures” to reduce America’s trade deficit, and to strengthen cooperation on protecting intellectual property. The statement said the United States would send a team to China to work out further details.
One of the Trump administration’s goals has been to get China to take steps that would lower America’s goods trade deficit with China by at least $200 billion by the end of 2020. Outside analysts said it was highly unlikely that China would ever agree to a U.S. demand for a specific deficit reduction target. …
(Excerpt) Read more at apnews.com ...
Promises, promises. I wouldn’t trust China to do ANYTHING they say. They;re stalling and we’re buying the stall!
Questions and statements I am making are out of pure ignorance...and I can’t seem to get a good answer...
I always wondered why there should be any deficit at all ?
If we can pull x amount of dollars from their economy, they can only pull that much out of ours ?
the chinese are going to slow walk this through the end of the trump administration
We need a uniform 20% import tariff which will stop all the trade BS and balance the Federal budget. Win - Win.
No tariffs - no teeth. Means nothing. Not winning.
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