China will purchase more American goods and services in order to reduce the US trade deficit, the two nations, which are on the brink of a trade war, agreed during high-level consultations in Washington.
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"There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China," the joint US-Chinese statement, issues after the talks, read. “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States.”