The vice premier leads Chinese negotiations with the United States. (Reuters photo)BEIJING: Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday. An earlier joint statement issued in Washington said Beijing would "significantly" increase its purchases of American goods, but offered few details. "There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China," the joint statement said. On Thursday, he unleashed a barrage of criticism against former US administrations, saying they had allowed Beijing to take advantage of the United States.

Source: Bangkok Post May 20, 2018 04:30 UTC