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China denies it has offered a $200 billion package to slash U.S. trade gap
Source: Reuters
BUSINESS NEWS MAY 18, 2018 / 12:07 AM / UPDATED AN HOUR AGO
China denies it has offered a $200 billion package to slash U.S. trade gap
Michael Martina, Tony Munroe
5 MIN READ
BEIJING (Reuters) - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet 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.
“This rumor is not true. This I can confirm to you,” Chinese foreign ministry spokesman Lu Kang told a regular news briefing.
“As I understand, the relevant consultations are ongoing and they are constructive,” he said, adding that he could not elaborate on the specifics of the negotiations.
-snip-
China denies it has offered a $200 billion package to slash U.S. trade gap
Michael Martina, Tony Munroe
5 MIN READ
BEIJING (Reuters) - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet 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.
“This rumor is not true. This I can confirm to you,” Chinese foreign ministry spokesman Lu Kang told a regular news briefing.
“As I understand, the relevant consultations are ongoing and they are constructive,” he said, adding that he could not elaborate on the specifics of the negotiations.
-snip-
Read more: https://www.reuters.com/article/us-usa-trade-china/china-halts-u-s-sorghum-dumping-probe-amid-signs-of-trade-thaw-idUSKCN1IJ0A0
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