China mentioned Wednesday it should purchase 200 Boeing plane and work with the US to scale back tariffs, confirming some particulars from the result of President Donald Trump’s visit to Beijing final week.
The deal, which might finish a digital gross sales freeze on Boeing plane to China of almost a decade, was introduced by the Chinese Commerce Ministry on Wednesday.
It additionally mentioned the US and China are negotiating an extension of a trade truce set to run out in November, and will talk about a framework for reciprocal tariff discount on about $30 billion price of products.
The Commerce Ministry’s assertion echoed the expectations given by Trump administration officers final Friday, on the finish of a two-day summit in Beijing between Trump and Chinese chief Xi Jinping.
China additionally mentioned it should work with the US to broaden two-way trade in agricultural merchandise and guarantee stability of uncommon earth provides in international provide chains, although it didn’t say how.