The sources also said that the Chinese representatives proposed a list of goods that are covered by the U.S. export controls. As they pointed out, other countries do not restrict these products that they could purchase from the U.S.
Economists are skeptical. If China achieves $200 billion reductions, it will massively change the trade deficit between the two countries. The amount of $200 billion is much larger than all of the U.S. global annual oil and agricultural exports.
Questions from the American Public:
- Do Chinese imports help or hurt American consumers?
- How much do Chinese imports hurt American businesses?
- How will closing the trade deficit affect relations between China and the U.S.?
