China Ready to Boost US Imports to Avoid Trade War


China is ready to purchase agricultural products, manufactured goods and energy from the US for $ 70 billion in the first year after Washington refuses to introduce duties, the NYT reported citing a source close to the matter.

The offer was made during the meeting in Beijing of Chinese economic adviser Liu He with US Secretary of Commerce Wilbur Ross.

China said that the deal would only be possible if the US drops duties and other restrictions on Chinese imports. To date, the United States have not demonstrated any desire to halt the impending trade war. 

Earlier President Trump demanded that China should reduce its $375 bn trade surplus with the United States by $ 200 bn a year.

According to Trump, the United States can not afford to lose in the trade war.

The critics of the incumbent administration demand that China should open its markets rather than reduce the trade deficit. There is also scepticism that the United States are capable to boost its exports to tens of billions of dollars (200 bn annually) any time soon.

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