BEIJING, May 20 (Reuters) - China will buy 200 Boeing ( BA )
jets and seek an extension of the trade agreement with
the United States reached in Kuala Lumpur last year, the Chinese
Commerce Ministry said on Wednesday.
The U.S. will provide China with supply guarantees for
aircraft engine parts and components under the Boeing ( BA ) deal, the
ministry said.
The ministry also said the two sides will seek reciprocal
tariff cuts on $30 billion or more of goods each, adding that
U.S. tariffs on China must not exceed the level set under the
Kuala Lumpur arrangement.