Qilai Shen | Bloomberg | Getty Images
Liu He, China’s vice premier attends a news conference at the Great Hall of the People in Beijing, China, on Tuesday, March 20, 2018.
The deficit depends on who will be buying what in addition to also will be not entirely within their control, in addition to also he pointed out that will the U.S. economy will be improving. “When Americans get higher income, they purchase more products. in addition to also most are via China,” he said. “So This kind of will be hard to understand their logic.”
At a conference in Tokyo, the U.S. ambassador to China, Terry Branstad, said the two sides are “very far apart.” The ambassador, who has been engaged in trade discussions, said the Trump administration wants the Chinese to give a timetable on how China will open up its markets to U.S. products. Branstad said boosting the sale of liquefied natural gas could be on the table, in addition to also he said the U.S. could consider rescinding tariffs if China opened up its markets for autos in addition to also especially food.
The Chinese official could not reveal what China could offer, although, like Branstad, he acknowledged a wide divide between the U.S. in addition to also China.
“The gap will be so big,” he said. However, he added, the Chinese are willing to talk about everything.