Kudlow says China offered to cut its trade surplus by $200 billion

A Chinese foreign ministry official and posts on Chinese state social media accounts had on Friday disputed reports that Chinese officials had offered a $200-billion reduction in its trade surplus

China offered to reduce its trade surplus with the U.S. by “at least $200 billion” in talks to head off a possible trade war, the director of the White House National Economic Council said.
 

“The number’s a good number,” Larry Kudlow, President Donald Trump’s top economic adviser, told reporters at the White House on Friday. “I think just as important, they have to lower their tariff rates, they have to lower their non-tariff barriers. We have to have a verifiable process whereby the technology transfers and the theft of intellectual property stops.”
 

Earlier on Friday a Chinese foreign ministry official