US Commerce Secretary Ross to Reduce Gap in China

US Commerce Secretary Wilbur Ross is hoping to witness a development to lessen the significant gap against China in terms of trade negotiations since there were hundreds of billions of dollars in commerce are at risk.

The United States warned that tariffs will reach the target worth US$150 billion in imports, while China threatened that US$50 billion of goods are the firing line. Moreover, Vice Premier Liu He will fly to Washington the following week after his transaction in Beijing in the previous week with a high-level US delegation that led the way to resolve the deadlock.

Secretary Ross stated that American officials made a comprehensive record for the requested changes in Chinese trade policy of product by product and quantity by quantity." meanwhile, China responds accordingly with a counterproposal which made both sides to work on the detailed set of bids and asks.

According to reports, US urged Beijing to curtail down the bilateral trade deficit by $200 billion per year.