China Rejects U.S. Target for Narrowing Trade Gap

A last-ditch effort by the Trump administration failed to get China to accept its demand for a $200 billion cut in the U.S. bilateral trade deficit, as Chinese officials resisted committing to any specific targets after two days of contentious negotiations. Read more @ https://www.wsj.com/articles/china-rejects-u-s-target-for-narrowing-trade-gap-1526756661?mod=pls_whats_news_us_business_f

U.S. and China Tout Trade Talks as Success, but Leave the Details for Later

China will increase its purchase of American goods and services in order to reduce the multibillion-dollar trade imbalance with the United States, the two countries said in a joint statement Saturday. How much the imbalance will be reduced remains to be seen. Trump administration officials had said during negotiations this week that China was prepared to make up to $200 billion in additional purchases. Notably absent from Saturday’s announcement were any dollar figures — or a sense of the scale of the agreed-upon increases. Read More @ https://www.nytimes.com/2018/05/19/us/politics/china-trade-deal.html?partner=rss&emc=rss

China agrees to import more from U.S., no sign of $200 billion figure

China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier. Read More @ https://www.reuters.com/article/us-usa-trade-china/china-agrees-to-import-more-from-u-s-no-sign-of-200-billion-figure-idUSKCN1IK0PM?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

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