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Article snippet: China has agreed to purchase more U.S. goods and services following a second day of trade talks between Washington and Beijing on Friday. In a joint statement issued Saturday, the U.S. and China said "there was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China." "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 reads. "This will help support growth and employment in the United States." But according to The Wall Street Journal, Chinese negotiators resisted demands from Washington to cut the trade deficit between the two countries in half. China was also cautious about committing to specific purchases of U.S. goods and services. Still, "both sides agreed on meaningful increases in United States agriculture and energy exports," the statement said. Senior U.S. officials — including Treasury Secretary MORE — have been participating in talks with Chinese officials about a potential trade deal as the countries seek to stave off a trade war. The Trump administration has proposed stiff tariffs on $150 billion in Chinese products. In turn, Beijing has threatened duties on $50 billion in U.S. products. The tit-for-tat has raised concerns of a looming trade war between the world's two largest economies. President Trump raised doubts this week about a p... Link to the full article to read more