The Trump administration is pushing China to reduce its trade deficit with the U.S. by $100 billion, a White House spokesperson told Reuters.
President Trump tweeted last week that his administration had asked China to develop a plan to reduce the its trade surplus with the U.S. by $1 billion. The spokesperson told Reuters, however, that Trump meant “$100 billion.”
“China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States,” Trump tweeted. “Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!”
The U.S. trade deficit with China reached $375 billion in 2017, a record high.
Read more at The Hill.
{Matzav.com}
