China Reportedly Offers $200BN Trade Deficit Reduction

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.

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.

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…