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U.S., China Talks Focus on Cutting Trade Deficit; Bejing Denies It Made $200 Billion Offer

Posted May 18, 2018

Under Economic Issues, International Trade Issues

(David Lawder & Michael Martina – Reuters)

U.S. President Donald Trump said on Friday he was determined to stop China from “taking our jobs, taking our money” as U.S. and Chinese negotiators met for a second day to try to avert a tariff war and find ways to boost U.S. exports to China.

China earlier denied assertions from U.S. officials on Thursday night that Beijing had offered a package of concessions and goods purchases aimed at reducing the U.S. trade deficit with China by as much as $200 billion.

“This rumour is not true. This I can confirm to you,” Chinese foreign ministry spokesman Lu Kang told a regular news briefing, adding that consultations in Washington “are constructive.” Click here to read more.