After extensive trade negotiations, Washington and Beijing said in a joint statement Saturday China will buy more American exports.
"To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services," the statement said. "This will help support growth and employment in the United States. Both sides agreed on meaningful increases in United States agriculture and energy exports."
The statement did not specify the quantity or timeline of the increase, nor did it say whether China would be exempted from President Trump's steel and aluminum tariffs. Rather, the "United States will send a team to China to work out the details." Bonnie Kristian
President Trump tweeted Sunday morning he is working with China's President Xi Jinping to help a Chinese telecom shuttered by a U.S. Commerce Department export ban:
President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!
ZTE obtains about one quarter of its manufacturing components from American businesses, and it suspended operations earlier this month after the Trump administration told U.S. companies they could not have dealings with ZTE. The Commerce Department said ZTE violated U.S. sanctions by shipping American-made goods to Iran and North Korea. The company says the violation was unintentional, not the result of willful deception, and the ban is too onerous a punishment.