China is willing to increase imports from other countries, including the United States, China’s state-backed Newspaper Xinhua said in a report Sunday, citing a statement from the Chinese side of negotiations.
However, the statement warned that “all economic and trade outcomes of the talks will not take effect if the U.S. side imposes any trade sanctions including raising tariffs,” Xinhua reported.
The U.S.-China talks focused on reducing the United States’ $375.2 billion trade deficit with China “by facilitating the supply of agricultural and energy products to meet China’s growing consumption needs,” the White House said in a statement Monday.
The statement gave no specifics on amount or product type. A representative for the White House did not immediately respond to a CNBC request for comment on the Journal’s report.
Read the full Journal story here.
source : CNBC