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

Wochit - Friday, 18 May 2018

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..


Recent related news

BEIJING (Reuters) - China's Defence Ministry has lodged a complaint with the United States about a Pentagon report that said China's military was likely training...
4 hours ago • Firstpost

SHANGHAI (Reuters) - Growing trade tensions between the United States and China are motivated by fears that China is now the top challenger to Washington's...
1 week ago • Firstpost

Oil prices on Thursday eked out gains on concerns about Iranian crude supplies as the U.S. hit Tehran with renewed sanctions, halting the previous session's...
1 week ago • Reuters India

You might like