US, China reach trade 'consensus' but offer few details: statement

The United States and China said Saturday they had reached consensus on measures to "substantially" reduce the US trade deficit with Beijing by "significantly" increasing its purchases of US goods, but offered few details. President Donald Trump has described the trade deficit as a danger to US national security and has threatened to impose billions in tariffs on Chinese imports. The statement followed high-level talks in Washington between delegations led by US Treasury Secretary Steven Mnuchin and China's State Council Vice Premier Liu He, who also met Thursday with Trump.

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May 20, 2018 at 02:55AM