U.S. and China Haggle Over Trade Gap, ZTE
- China said to offer to buy $25 billion more in U.S. goods
- U.S. said to be finalizing deal to help revive China’s ZTE
Workers tighten down lines connecting 15 barges together holding 30,000 tons of coal before making their way down the Ohio River in West Virginia, U.S.
Photographer: Ty Wright/Bloomberg
The U.S. and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the U.S. finalizing a deal to allow China’s ZTE Corp. to resume purchases from American suppliers.
Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has offered to boost purchases of U.S. goods by about $25 billion this year, according to two people familiar with the matter, who spoke on condition of anonymity because the negotiations aren’t public. Crude oil, coal and farm products are among the goods that the Chinese are willing to buy more of, according to the people briefed on the talks.