The statement, however, provided no dollar amounts on how much China might boost its purchases of American products. The statement said they did agree on the need for "effective measures" to reduce America's trade deficit, and to strengthen cooperation on protecting intellectual property. One of the Trump administration's goals has been to get China to take steps that would lower America's goods trade deficit with China by at least $200 billion by the end of 2020. "There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China," the joint statement said. Media reports suggested that the U.S. was offering to swap a ZTE rescue for an end to proposed Chinese tariffs on U.S. farm products.

Source: ABC News May 19, 2018 16:40 UTC