China will increase imports of goods from the United States to reduce trade deficit

China has agreed to take more products and services from the United States to reduce the trade deficit between the two countries and to counter the trade war.

According to the BBC, this initiative of China will hopefully achieve a significant reduction in the trade deficit of $ 33.5 billion US dollars annually.

The United States and China said in a joint statement, "Both sides agree to increase the export of agricultural and energy products of the United States at a significant rate. This initiative will help in improving the development and employment of the United States. "

However, the new initiative to increase the import of Chinese goods from the United States has clearly not disclosed the exact amount of trade deficit reduction.

Although earlier the White House said the target of reducing the trade deficit was 20 billion US dollars. But in the formal statement nothing has been said about this.

There was no mention in the statement about whether the two countries threatened to pay billions of rupees on the merger of each other.

Both countries have complied of huge amount on import of goods from each other. Although they are not yet implemented.

US President Donald Trump has threatened to pay 15 billion crores of rupees on Chinese goods.

Trump alleged that China was stealing 'American Intelligence Property'.