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- Trump wants China to increase its offer to buy U.S. goods - CNBC reports, citing sources
Trump wants China to increase its offer to buy U.S. goods - CNBC reports, citing sources
U.S. officials seeking a China trade deal are focused on long-term changes to that nation’s economy. But the U.S. President Donald Trump is set on reducing the trade deficit, and is pushing his negotiators to get China to agree to purchase more goods, two sources told CNBC.
China has offered to purchase up to $1.2 trillion in U.S. energy, agriculture and aircraft products over a period of six years. But Trump has long wanted a number “double or triple” China’s proposal, the sources said.
According to them, the U.S. president renewed his desire for a larger purchase deal in recent weeks, following data that revealed the U.S.-China trade deficit was widening.
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