Big news here:
China and the U.S. have mutually agreed to “substantially reduce” the trade imbalance between the two countries, a joint statement read on Saturday, in a move that will involve the Chinese boosting more of what they buy from American producers.
White House Economic Advisor Larry Kudlow said that China would move to cut its trade deficit with the U.S. by $200 billion annually.
The President has tweeted out multiple times about trade discussions with China.
It seems like this will help manufacturing and intellectual properties substantially.
We will see what this will do in terms of jobs.
“China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States.”