China pledges to buy 'substantial amount' of US goods: USTR

January 10, 2019 08:56
China has promised to buy more goods and services from the United States in a bid to end the trade standoff between the two sides, according to US officials. Photo: Reuters

China has pledged to purchase “a substantial amount” of agricultural, energy and manufactured goods and services from the United States, the US Trade Representative’s office said on Wednesday after trade talks wrapped up in Beijing.

In a statement that gave few details on the specific outcomes of the latest talks, USTR said the two sides discussed “ways to achieve fairness, reciprocity and balance in trade relations between our two countries,” Reuters reports.

US and Chinese officials also discussed issues related to intellectual property protections and the need for any agreement that resolves the trade dispute “to provide for complete implementation subject to ongoing verification and effective enforcement,” the USTR was quoted as saying.

The US-China meetings this week marked the first face-to-face talks since US President Donald Trump and his Chinese counterpart Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global financial markets.

If no deal is reached by March 2, Trump has said he will proceed with raising tariffs to 25 percent from 10 percent on US$200 billion worth of Chinese imports. 

-- Contact us at [email protected]