China promises $80bn trading boost with US in tariff war truce

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Wed, 2020-01-15 02:45

LONDON: China has pledged to buy almost $80 billion of additional manufactured goods from the US 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 US services by about $35 billion over the same two-year period, the source told Reuters on Monday.

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