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China Makes Big Offer to End Trade Battle

China Makes Big Offer to End Trade Battle

(Beijing)

It looks like Trump's efforts to put pressure on China over trade might be paying off. In what we think looks like a significant concession, Beijing has just offered to buy an extra $70 bn of US goods if Trump agrees not to impose the tariffs he has threatened. Trump has said he wants China to cut its trade surplus with the US by $200 bn. The $70 bn would mostly go to US agricultural products, energy, and manufactured goods.

FINSUM : China just made an offer that amounts to over 33% of what Trump demanded. That seems like a pretty good step.

  • chian
  • US
  • tariffs
  • trade war
  • Trump

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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