US, China rule out trade war

The US and China have agreed to abandon any trade war and back off from imposing tariffs on each other.

The announcement came after the second round of high-level talks in Washington on Saturday.

An earlier joint statement said Beijing would purchase more energy and agriculture products to reduce America's 370 billion USD trade deficit with China. The statement, however, provided no dollar amounts on how much China might boost its purchases of American products.

Source: VOV5