China offers to buy more from U.S.

Signs with the US flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on September 19, 2018. - China on September 18 announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. (Photo by STR / AFP) / China OUTSTR/AFP/Getty Images

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China has offered to increase purchases of United States goods and services by $1 trillion over the next six years, said a report by Bloomberg news agency.

The offer was made during trade negotiations to halt the escalation of tariffs between the two.

Bloomberg said U.S. negotiators asked for even more – an elimination of the trade deficit within two years. China said its offer would eliminate it by 2024. It stood at $323 billion last year.

China has already increased its purchasing of U.S. soybeans in an effort to help trade negotiations.

There is news now that China’s economy has slowed to the lowest level in 20 years, yet it is still growing.

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