Sino/US Trade War Averted?

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Feature Article by Stephen Lendman
Sino/US Trade War Averted?

by Stephen Lendman ( – Home – Stephen Lendman)

Following May 17 and 18 trade talks in Washington, a joint statement said the following:

"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."

"There was a consensus on taking effective measures to substantially reduce the United States' trade deficit in goods with China."

Lead Beijing trade negotiator/Vice Premier Liu He said it'll take time to resolve differences between both countries. In 2017, China's trade surplus with America was a record-high $375 billion.

The devil is in the details on what was agreed on – to be discussed in further talks. Nor was anything said about Trump's announced tariffs on Chinese imp
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