China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit, the two countries said on Saturday, although without mentioning the $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep on talking about measures under which China would import more commodities from the United States to close a $335 billion annual trade gap between the two countries that has threatened to ignite a global trade war. “There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods …read more
Source:: Yahoo Finance
