January 14, 2020 / 5:23 AM / 14 days ago

China to pump up U.S. car, aircraft, energy purchases in trade deal-source

WASHINGTON, Jan 14 (Reuters) - China has pledged to buy nearly an additional $80 billion of manufactured goods from the United States over the next two years, plus just over $50 billion more in energy supplies, under a trade deal with China to be signed on Wednesday, a source briefed on the agreement said on Monday.

Beijing would also boost purchases of U.S. services by about $35 billion over the same two-year period, the source said, aiding a sector that enjoys a rare trade surplus with China.

The Phase 1 agreement calls for Chinese purchases of U.S. agricultural goods to increase by some $32 billion over two years, or roughly $16 billion a year, the source said.

When combined with the $24 billion U.S. agricultural export baseline in 2017, the total gets close to the $40 billion annual goal touted by U.S. President Donald Trump. (Reporting by David Lawder and Andrea Shalal; Editing by Christian Schmollinger)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below