China has suggested more goods it may import from the United States as Beijing attempts to thaw once frosty ties with the Trump administration over its trade policies. A report issued by the Ministry of Commerce on Thursday said China may buy further goods including crude and refined oil products, cotton and machine tools. This would be on top of the imports agreed in trade deals in the wake of President Xi Jinping and Donald Trump’s summit in Florida last month, according to the South China Morning Post. The ministry report comes ahead of talks between the two nations next month which form part of a 100-day plan to address the US’ massive trade deficit with China. The commerce ministry report said China’s total imports were expected to reach US$8 trillion in the next five years. China imported US$134.4 billion of American goods last year.
You must log in to post a comment.