Thursday 16 August 2018
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3 months ago

US, China agree to cut American trade deficit

WASHINGTON --- The United States and China have agreed to take measures to substantially reduce America s massive trade deficit with China, but the Trump administration failed to get the Chinese to commit to a specific numerical goal. Still, the talks, which began Thursday and ended Saturday with the issuance of a joint statement, may have helped to ease tensions at least slightly between the world s two biggest economic powers. In recent months the two have threatened to impose punitive tariffs on bil

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