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China To Ramp Up U.S. Car, Aircraft, Energy Purchases In Trade Deal: Source

China To Ramp Up U.S. car, Aircraft, Energy Purchases In Trade Deal: Source
China Southern Airways B-2737 Boeing 787, Final approach to 9L Heathrow
Image by Aleem Yousaf

 China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, likely giving a much-needed boost for planemaker Boeing.

Under the terms of the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies, and boost purchases of U.S. services by about $35 billion over the same two-year period, the source told Reuters on Monday…

To read more visit Reuters.

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