US to increase exports to cut trade deficit
WASHINGTON - The United States will try to boost exports to China - rather than limit imports from the country - to reduce its huge trade deficit, US Secretary of Commerce Gary Locke has said.
Locke will lead a trade mission to China from May 15 to 21, ahead of the second US-China Strategic and Economic Dialogue (SAED) scheduled for May 23.
The mission will be "focusing on promoting US exports for a broad range of new energy technologies, including clean energy, energy efficiency, and electricity transmission, distribution and storage," Locke told China Daily in an email interview.
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