China pledges 'significantly' more US buying, no trade war

INSUBCONTINENT EXCLUSIVE:
States officials, including Treasury Secretary Steven Mnuchin, Secretary of Commerce Wilbur Ross and United States Trade Representative
Robert Lighthizer, ended with a pledge not to engage in a trade war, according to a Xinhua news agency report. Liu said the two sides agreed
Liu said his trip to the United States had been positive, pragmatic, constructive and productive
trade in manufactured goods, and each side agreed to strengthen cooperation on intellectual property
the Made in China 2025 plan that targets strategic industries from robotics to new-energy vehicles
China had made its own demands, including giving equal treatment to its investment, and warned United States companies may be excluded from
measures to open its economy. On Friday morning, Larry Kudlow, director of the National Economic Council, told reporters that China had
outside the White House. Conciliatory StanceEarlier, two posts on Chinese state social media disputed a report that China planned to slash
its trade surplus by the extent demanded by Washington though increased imports of United States products
A foreign ministry official also played down the suggestion. In a sign that the Chinese government is seeking a conciliatory stance, it
reduction in the United States trade gap with China by 2020 was on a list of demands the United States made earlier this month as Mnuchin
led a delegation to Beijing
That mission left with little common ground with China and reports emerging of infighting among the United States officials
The United States merchandise trade deficit with China hit a record $375 billion last year. Mnuchin and Kudlow will appear on United States
the United States as tensions over trade have escalated
Trump expressed doubt before his meeting with Liu that China and the United States would come to an agreement to avoid a damaging trade
war. ZTE SilenceTop Senate Democrat Chuck Schumer criticized a lack of specific measures in the joint statement to protect United States
ZTE may need to change its management to win a reprieve from United States sanctions that shut it off from key parts suppliers.