China-US agree to abandon trade war: Chinese vice premier

Beijing [China], May 20 (ANI): Chinese Vice Premier Liu He on Sunday said the United States (US) and China have vowed not to engage in a trade war and have pledged to stop increasing tariffs on each other's items.

Liu visited Washington on May 15 at the invitation of the U.S. government for economic and trade consultations.

Liu said the US and China will strengthen their trade cooperation in areas like energy, agriculture products, healthcare, high-tech products, and finance, as per Xinhua.

This will help China promote the high-quality development of its economy and contribute to the US effort to reduce its trade deficit, he added.

He also said the two countries will also enhance their cooperation in mutual investment and intellectual property protection.

The first China International Import Expo is to be held in Shanghai in November this year, Liu said, adding, all the countries are welcome to attend it. (ANI)

This story has not been edited. It has been published as provided by ANI