China agrees to purchase more US goods in effort to avoid trade war, but refuses to commit to US demand to narrow trade gap by $200B - press
- China declines to put a dollar amount on the effort to narrow the trade gap
- The White House said “There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China.” China will “significantly increase purchases” of US goods and services to aid America’s economic growth and to meet China's own growing consumption needs.
- US to send a team to China to work out details