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U.S. says China acknowledged goal of reducing bilateral trade deficit

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Reuters WASHINGTON

WASHINGTON (Reuters) - China acknowledged a shared goal of reducing the trade deficit with the United States during day-long talks, the U.S. Treasury said on Wednesday.

In a brief statement after the U.S.-China Comprehensive Economic Dialogue, U.S. Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross offered few details of the talks. There was no sign of agreement on major issues involving trade and U.S. demands that China open its markets more to American companies.

"China acknowledged our shared objective to reduce the trade deficit which both sides will work cooperatively to achieve," the statement said.

(Reporting by Lesley Wroughton and David Lawder; Editing by James Dalgleish)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jul 20 2017 | 4:28 AM IST

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