Trade war averted: China to buy more from US to slash $200 bn trade deficit

China agreed to 'meaningful increases in US agriculture and energy exports,' the White House said

China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies.

A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment by President Donald Trump’s top economic adviser suggesting Beijing had agreed to slash its annual trade surplus with the US by $200 billion.

Vice Premier Liu He, a special envoy of China’s President Xi Jinping, told reporters in Washington that talks