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$200 billion

China denies it has offered a $200 billion package to slash US trade gap

BEIJING: China denied on Friday that it had offered a package to slash the US trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into US sorghum imports in a conciliatory gesture as top negotiators meet in Washington. US officials had said on Thursday that China was proposing trade concessions and increased purchases of American goods aimed at cutting the US trade deficit with China by up to $200 billion a year. “This rumor is not true. This I can confirm to you,” Chinese foreign ministry…