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Economic talks between US-China result in truce in trade war

Updated : May 21, 2018 12:45 PM IST

Beijing committed to "significantly increase" its purchases of American goods and services, saying the increase would "meet the growing consumption needs of the Chinese people and the need for high-quality economic development."
The US had a record $376 billion deficit with China in the trade of goods; that was the largest by far with any nation.
Trump campaigned in 2016 on a pledge to get tough on China and other US trading partners.
Economic talks between US-China result in truce in trade war
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