An agreement by China to increase imports of U.S. goods and services appears to have cooled off some of the heated trade rhetoric that had been building between the countries over the past few months . But a statement issued May 19 after two days of talks in Washington between trade delegations that included Chinese Vice Premier Liu He and U.S. President Donald Trump left the details of those purchases vague. Although the immediate danger of a trade war between the United States and China appears to have eased, the longer-term competition between the world's largest economies will continue to put them at loggerheads. U.S. Secretary of Commerce Wilbur Ross will reportedly travel to China next week to hammer out some of the details of the agreement that, if finalized, would reduce the trade imbalance between the countries.