China agrees to buy 'significantly' more US goods and services following 'constructive' talks

The U.S. and China have agreed on a plan to “support growth and employment in the United States” which will entail China buying “significantly” more U.S. goods and services, the two countries said in a joint statement Saturday.

Delegations from the two countries met this week to discuss a number of trade issues, including intellectual property protections, and agreed to take “effective measures” to substantially reduce the U.S. trade deficit with China. On the U.S. side was Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, and U.S. Trade Representative Robert Lighthizer. The Chinese delegation was led by State Council Vice Premier Liu He, special envoy of Chinese President Xi Jinping.