By The Daily Wire. President Donald Trump drew major heat for announcing, months ago, that he would boost tariffs on goods coming into the United States from China, in an effort to re-balance what he considered an economically fatal trade deficit.
But after months of negotiations, it seems the President’s commitment ot the “art of the deal” has changed our relationship with China without many major changes on the part of the U.S., and though nothing is yet official, China says it will buy more American products to “even out” our trade partnership.
According to CNN, China has pledged to “significantly increase” “purchase of goods and services” from American companies, in order to “reduce the trade imbalance.” The news comes at the tail end of weeks of trade talks between American and Chinese officials that both parties have called “productive.” (Read more from “Thanks Trump? China Pledges to Buy More American Products, Reduce Trade Deficit” HERE)
U.S. and China Call a Ceasefire in Trade Dispute
By CNN. After weeks of tensions, China and the United States have reached a ceasefire.
Both sides this weekend said they had agreed to not impose new tariffs on one another while talks continue, after reaching an initial agreement on trade.
In a joint statement on Saturday, the countries said China would “significantly increase” purchases of US goods and services to reduce their trade imbalance. This was a top demand of the Trump administration during two days of trade talks in Washington with Chinese officials.
“We’re putting the trade war on hold,” US Treasury Secretary Steven Mnuchin told “Fox News Sunday. “We have agreed to put the tariffs on hold while we try to execute the framework.” (Read more from “U.S. and China Call a Ceasefire in Trade Dispute” HERE)