(UTV|COLOMBO) – China has agreed to buy more US goods and services, reducing the trade imbalance between the two countries and dampening fears of a looming trade war, BBC reported.
Washington says the move will “substantially reduce” its $335bn annual trade deficit with Beijing.
But it stopped short of saying exactly how big the reduction would be.
“Both sides agreed on meaningful increases in US agriculture and energy exports,” a US-China statement said following days of talks in Washington.
“This will help support growth and employment in the United States.”
The countries also agreed to keep negotiating on trade to resolve their concerns “in a proactive manner”.
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