"There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China," the joint statement reads. "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. This will help support growth and employment in the United States." President Donald Trump made reducing the trade deficit between the United States and China a key campaign promise. The statement says that China will "advance relevant amendments to its laws and regulations" to allow for more American imports, including changes to patent laws.

Source: bd News24 May 19, 2018 18:00 UTC