China and the US have decided to defer the implementation of the new tariffs and take effective measures to substantially reduce the US trade deficit in goods with China besides supporting growth and employment in US.

These constructive consultations regarding trade were held recently in Washington, D.C. at the direction of US President Donald Trump and his Chinese counterpart Xi Jinping.

The delegations discussed expanding trade in manufactured goods and services.The delegations also discussed expanding trade in manufactured goods and services.

Both sides agreed to encourage two-way investment and to strive to create a fair, level playing field for competition.

They will also continue to engage at high levels on these issues and to seek to resolve their economic and trade concerns in a proactive manner.