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US, China talks focus on cutting trade gap, $200 billion target disputed

Updated : May 19, 2018 02:18 PM IST

Larry Kudlow said the Chinese had offered a package of US goods purchases and other steps to cut China's annual US trade surplus by some $200 billion, contradicting a Chinese foreign ministry spokesman who denied that such a reduction had been offered.
US President Donald Trump has threatened to impose tariffs on up to $150 billion of Chinese goods to combat what he says is Beijing's misappropriation of US technology through joint venture requirements and other policies.
Earlier this week, Trump tweeted that he directed Commerce to put ZTE back in business and said the company's situation was part of an overall trade deal with China.
US, China talks focus on cutting trade gap, $200 billion target disputed
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