January 18, 2019

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC.

Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported. China would increase its annual import of U.S. goods by a combined value of over $1 trillion, the officials told Bloomberg, which was first to report on the import boost offer.

China pegged its proposal to buy more U.S. goods through 2024 to President Donald Trump's hopes of being re-elected in 2020, the sources told CNBC.

Read more:

https://www.cnbc.com/2019/01/18/china-to-offer-path-to-eliminate-trade-imbalance-with-us-report.html