China reportedly offers to ramp up its US imports

China has offered to go on a six-year buying spree to ramp up imports from the United States in order to reconfigure the relation between the two countries, Bloomberg reported Friday, citing people familiar with the matter.

By raising annual goods imports from the U.S. by a combined value of more than $1 trillion, China would seek to reduce its trade surplus, which last year stood at $323 billion, to zero by 2024, one of the people told Bloomberg.

Halfway through a 90-day truce in the U.S.-China trade war agreed to on Dec. 1 when Trump and Chinese President Xi Jinping met at the G20 summit in Argentina, there have been few details provided of any progress made.

The Wall Street Journal reported on Thursday that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30.

https://www.msn.com/en-us/money/markets/china-reportedly-offers-to-ramp-up-its-us-imports/ar-BBSq6TP?li=BBnb7Kz

Trump will fuck this one up. You wait and see.