As the first day of US-China trade talk started, there are rumors flying around already. It’s reported that, according to a US official, China is offering to slash its trade surplus with the US by up to USD 200B year. (Btw, is that considered a leak?) It’s unclear for now how the total value was determined. But another source said the package could include Chinese tariffs on around USD 4B worth of US farm products.
Meanwhile, the Chinese Ministry of Commerce just announced to end the “anti-dumping and anti-subsidy investigations of imported sorghum originating in the United States” in a statement here. Looks like there was some real progress made.
