China Denies It Offered Package to Slash U.S. Trade Gap By $200 Billion

Credit: Wochit
Published on May 18, 2018 - Duration: 00:29s

China Denies It Offered Package to Slash U.S. Trade Gap By $200 Billion

On Friday, China denied that it had offered a package to slash the U.S. trade deficit by up to $200 billion.

The move comes hours after it dropped an anti-dumping probe into U.S. sorghum imports, as a gesture to top negotiators meeting in Washington.

U.S. officials had said on Thursday that China was proposing trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year.

Advertisement

Recent related news from verified sources

A mixed economic report for China in December was reported Monday as the country surged to a record $323.3 billion trade surplus with the US, but exports...
4 days ago • WorldNews

The U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market this year, according to Suhail Al Mazrouei, the Energy...
1 week ago • OilPrice.com

TORONTO (AP) — The U.S. State Department says China’s death sentence against a Canadian man is “politically motivated.” Wednesday’s statement from U.S....
2 days ago • Seattle Times

BANGKOK (AP) — Shares were lower in Asia on Monday, extending the latest losses on Wall Street, as China reported a slowdown in exports. KEEPING SCORE: Hong...
5 days ago • SeattlePI.com

TOKYO (AP) — The U.S. Navy’s top officer says he urged China to follow international rules at sea to avoid confrontations and insisted that ships should be...
11 hours ago • Seattle Times

The United States-China trade war is creating a new dimension for power rivalry in Southeast Asia. China’s Belt and Road Initiative and America’s...
1 week ago • Eurasia Review

Three U.S. crude oil cargoes are currently headed to China in what could be the first Chinese purchase of American crude since the trade war escalated last...
3 days ago • OilPrice.com

You might like