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China disputes reports it offered U.S. $200 billion trade cut

The Chinese executive stated it hasn't made any offer to the U.S. to cut its business surplus by means of $200 billion, Reuters and other media outlets reported Friday. Media studies Thursday stated China had offered to shop for $200 billion in U.S. items in a bid to whittle down that business surplus and stave off a business battle between the 2 countries. "This rumor is not true. This I can confirm to you," China Foreign Ministry spokesman Lu Kang stated at a daily news conference, in line with Reuters. Several news outlets reported Thursday that the proposal was once made all the way through a 2nd round of business negotiations in Washington attended by means of Chinese Vice Premier Liu He. Earlier this month, the U.S. demanded that China minimize its business gap with the U.S. by means of that amount, in line with Fortune. U.S. officers cited by means of CNN stated no settlement has been reached but in the ones business talks. On Thursday, U.S. President Donald Trump stated Beijing had change into too "spoiled" and he had reduced his expectations for negotiations.