CHINA-US: IN TRADE NEGOTIATIONS CHINA AGREES TO BUY US $ 1.2 TRILLION WORTH GOODS
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In an attempt to bring an end to the ongoing trade war between the US and China, CNBC reported on February 22, that Beijing has agreed to buy up to $1.2 trillion in goods from the United States. US President Trump and Chinese President Xi Jinping could also meet in late March in Florida. Meanwhile, Trump was scheduled to talk with Chinese Vice Premier Liu He on February 22 afternoon, in the hopes of coming closer to a trade deal before March 1, when U.S. tariffs on a variety of goods are set to rise to 25 percent from 10 percent. Reuters separately reported (February 19) that the two sides are starting to sketch out an agreement on structural issues, drafting language for six memorandums of understanding on proposed Chinese reforms.
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