The Trump administration asked China for a plan to cut the annual U. S. trade deficit with the nation by $100 billion, a reduction of more than 25 percent from last year’s gap, a White House official said.
The Trump administration asked China for a plan to cut the annual U. S. trade deficit with the nation by $100 billion, a reduction of more than 25 percent from last year’s gap, a White House official said.
The U. S. trade shortfall in goods with China surged 8.1 percent during the first year of Trump’s presidency, reaching a record $375 billion, according to Commerce Department data released last month.
President Donald Trump said in a tweet Wednesday that China had been asked for a $1 billion reduction in the trade deficit, understating the demand by a factor of 100.
