The U.S. wants China to buy more American goods to help lower the trade deficit. Does it work that way?
The U.S. wants China to buy more American goods to help lower the trade deficit. Does it work that way?
There’s been a little bit of confusion these past couple days on how trade talks with China are going. U.S. officials told CNN that China had offered to bump up purchases of American goods by $200 billion. Chinese officials said that’s not true. The Trump administration believes that the trade deficit with China could be brought down if China were to buy that much more worth of American goods. It’s something the president is focused on even though most economists say he shouldn’t be.
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