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WASHINGTON (Reuters) – China has pledged to purchase "a substantial amount" of agricultural, energy and manufactured goods and services from the United States, the U.S. Trade Representative's office said on Wednesday after U.S.-China trade talks wrapped up in Beijing.
U.S. and Chinese officials also discussed issues related to intellectual property protections and the need for any agreement that resolves the trade dispute between the world's two largest economies "to provide for complete implementation subject to ongoing verification and effective enforcement," USTR said.
If no deal is reached by March 2, Trump has said he will proceed with raising tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports, at a time when China's economy is slowing significantly. Beijing has already retaliated with its own tariffs on U.S. products.