Chinese officials have indicated their willingness to buy more US exports but stopped short of accepting US President Donald Trump’s demand for a $200bn reduction in their bilateral trade surplus, as the two sides failed to agree on relief measures for a Chinese telecommunications company hit by crippling US sanctions.
In a joint statement released on Saturday the two sides said they had ageeed on the need for “effective measures to substantially reduce” the US $337bn annual trade deficit with China.
They said that after two days of “constructive talks” China had agreed to “significantly increase” its purchases of US goods and services and on the need for “meaningful increases” in US agricultural and energy exports to China.
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