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China offering Trump package to slash U.S. trade deficit, officials say

Reuters  |  WASHINGTON 

By Steve Holland and David LawderWASHINGTON (Reuters) - China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with the proposal said.News of the offer came during the first of two days of U.S.-China trade talks in Washington focused on resolving tariff threats between the world's two largest economies. But it was not immediately clear how the total value was determined. One of the sources said U.S. aircraft maker Boeing Co ...

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First Published: Fri, May 18 2018. 08:16 IST