THANKS TRUMP? China Pledges To Buy More American Products, Reduce Trade Deficit

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President Donald Trump drew major heat for announcing, months ago, that he would boost tariffs on goods coming into the United States from China, in an effort to re-balance what he considered an economically fatal trade deficit.

But after months of negotiations, it seems the President’s commitment ot the “art of the deal” has changed our relationship with China without many major changes on the part of the U.S., and though nothing is yet official, China says it will buy more American products to “even out” our trade partnership.

According to CNN, China has pledged to “significantly increase” “purchase of goods and services” from American companies, in order to “reduce the trade imbalance.” The news comes at the tail end of weeks of trade talks between American and Chinese officials that both parties have called “productive.”

“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,” the Chinese government said in a statement. “This will help support growth and employment in the United States.” – READ MORE

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