The move is sure to increase trade tensions.
The surplus is growing annually and adding to global trade tensions.
Administration officials said they hoped the termination would ease trade tensions.
"This is good for the economy all-in-all, but it means the trade tensions could get worse," he added.
The trade tensions are causing new strains in the two countries' relationship.
The coordinated move would help stabilize the dollar and ease some of the trade tensions between the two nations.
"We hope it will help Washington to understand our efforts to reduce bilateral trade tensions."
There are still some trade tensions with the United States.
And trade tensions with the United States are rising again.
Instead, they add up to Government orders simply to buy more American products to reduce trade tensions.