Economics
Kudlow Says China Offered ‘at Least’ $200 Billion in New Trade
- China has disputed the reports of offer to reduce surplus
- ‘They’re coming to play,’ White House economic adviser says
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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.”