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CHINA TRADE UPDATE: Elimination of Trade Imbalance?

10:29AM Jan 18, 2019

China-US trade relations are often confrontational, but important to each country.( MGN )

This would be incredible if it becomes a reality: Bloomberg is reporting China is offering a path to eliminate the U.S. trade imbalance. It reports China has offered to go on a six-year buying spree. It would increase annual goods imports from the U-S with a combined value of more than $1 trillion.

This would mean China's trade surplus with the U.S. would be zero by the year 2024. The source of this information asked not to be named according to Bloomberg.

Just world about this is pushing the Dow higher today (Friday).

Related article:

China Offers a Path to Eliminate U.S. Trade Imbalance, Sources Say

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