China Denies $200 billion Target for Cutting Trade Deficity
U.S President Donald Trump said on Friday that has determined to stop China from taking our jobs taking our money” as U.S. and Chinese negotiators met for a second day to try to avert a tariff war and find ways to boost U.S. exports to China. China earlier denied assertions from U.S. officials on Thursday night that Beijing had offered a package of concessions and goods purchases aimed at reducing the U.S. trade deficit with China by as much as $200 billion. “This rumour is not true. This I can confirm to you,” Chinese foreign ministry spokesman Lu Kang told a regular news briefing, adding that consultations in Washington “are constructive.” A U.S. official said on Friday said that China’s proposal was interpreted as Beijing pledging to work to achieve Washington’s $200 billion trade deficit reduction goal by 2020 - a demand presented to Chinese officials two weeks ago in Beijing. The offer did not contain specifics, the U.S. official said, unlike China’s decis...