China offers $1 trillion investment in US for easing trade restrictions
Photo: China and the US prepare a new economic deal (Getty Images)
During trade negotiations, China offered to invest $1 trillion in the US economy in exchange for lifting restrictions that prevent Chinese companies from making deals in the United States, according to Bloomberg.
According to the agency’s sources, Beijing is also insisting on reducing tariffs on raw materials imported by Chinese enterprises operating in the United States.
Bloomberg notes that the discussions on the exact amount of investment Washington is willing to accept are still ongoing.
US–China trade talks
Following negotiations held on May 10–11 in Geneva, the US and China agreed to temporarily lower tariffs on mutual imports — to 30% on Chinese goods in the US and to 10% on American goods in China.
After this period ended, on August 12, Donald Trump signed another executive order, postponing the introduction of new tariffs for another 90 days.
At the same time, the Trump administration does not rule out imposing secondary sanctions against Russia in the form of 100% tariffs for India, China, and Turkey — to pressure these countries to stop purchasing Russian oil and push Russian dictator Vladimir Putin toward ending the war with Ukraine.
However, Trump is in no hurry to impose new restrictions on China, citing the active phase of trade negotiations between the two countries.
Earlier, Donald Trump did not rule out a visit to China, but clarified that it would happen "only at President Xi’s invitation."
