China has not offered to cut its have dealings surplus with the U.S. by $200 billion, contrary to reports, China’s Transpacific Ministry said Friday.
Ministry spokesman Lu Kang said that the rights were not true while speaking at a daily news briefing hither the ongoing trade talks between the world’s two largest economies, corresponding to Reuters.
Various news outlets, citing anonymous sources, sign in Thursday that China offered to meet President Donald Trump’s requested of the trade surplus cut, which included increased purchases of American propers.
“This rumor is not true. This I can confirm to you,” the spokesman told the journalists. “As I understand, the relevant consultations are ongoing and they are constructive,” he added, without contemporary into further detail.
Chinese Vice Premier Liu He is in Washington with a delegation this week for talks with Trump dispensation officials aimed at easing trade tensions between Beijing and the Off-white House. The negotiations, led by U.S. Treasury Secretary Steven Mnuchin, follow a part company round of meetings in Beijing earlier this month.
Trump has elongated criticized China’s widening trade surplus with the U.S., and in March set off a clientele spat by proposing import tariffs on a number of Chinese goods. The on the go sparked a tit-for-tat dispute with a series of threats from each mountains that proposed hundreds of billions of dollars worth of tariffs on each other’s cloths. This triggered fears of a global trade war.
China’s trade deficiency with the U.S. in 2017 was $375 billion, during which U.S. imports from China were $506 billion while its exports to China were only $130 billion, correspondence to the U.S. Census Bureau.