While President Trump warned during a Thursday press conference that a trade deal with China is far from guaranteed, it appears the White House might have won at least one concession during talks with Vice Premier Liu He Thursday afternoon.
Talking trade with the Vice Premier of the People’s Republic of China, Liu He. pic.twitter.com/9T7Iq6F3Xe
— Donald J. Trump (@realDonaldTrump) May 17, 2018
Reuters is reporting that China has offered the US a trade-deficit reduction package amounting to roughly $200 billion annually. Demands that China take steps to reduce the US-China trade deficit have long been a part of Trump’s rhetoric, as have greater protections for US intellectual property.
China said to offer Trump a U.S. trade deficit reduction package approaching $200 billion annually – sources pic.twitter.com/tldxOfPDU9
— Reuters Business (@ReutersBiz) May 17, 2018
The dollar rose in a kneejerk reaction to the headline but its gains are fading fast.
This is a developing story. Check back for updates…