Economics
China Outlines Possible Concessions to U.S. Ahead of G-20 Talks, Sources Say
- A sign that both sides are trying to find outlines of a deal
- Beijing’s offer is said to fall short of Trump’s demands
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Chinese officials have outlined a series of potential concessions to the Trump administration for the first time since the summer as they continue to try to resolve a trade war, according to three people familiar with the discussions.
The commitments for now fall short of the type of major structural reforms that President Donald Trump has been demanding, two of the people said, cautioning that a long road lies ahead in negotiations. One person said that talks between the world’s two largest economies are continuing and constructive.