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Inflation and imports.

From Marketplace, I'm Nancy Marshall Genser in Washington.

First, President Trump is headed back to the U.S. after a summit with Chinese leader Xi Jinping.

Trump and other administration officials said China agreed to buy more American products,

but the deals are light on specifics.

Marketplace's Henry Epp reports.

In a Fox News interview, President Trump said Beijing will buy oil from the U.S.

and said Chinese leaders agreed to buy 200 Boeing jets. Meanwhile, U.S. trade representative

James and Greer told Bloomberg that China committed to buying more American agricultural products.

That includes 25 million tons of soybeans per year, an amount previously announced by the White House late last year.

So far, though, Beijing has not confirmed specific new purchases of oil, jets, or American crops, according to multiple media reports.

But in its official statement on the talks, the Chinese Ministry of Foreign Affairs said economic and trade meetings this week,

quote, produced generally balanced and positive outcomes, and it said China will open its door

wider. I'm Henry App for Marketplace. We got another read on prices yesterday. For more, let's

turn to Gus Foshae. He's chief economist at the PNC Financial Services Group.

Gus, yesterday we saw increases in the U.S. import and export price indexes.

How much of that increase was caused by the war in the Middle East?

...