China offers to buy 1 trillion US dollars UU To fix the trade and give the US UU A stimulus financed by China
China has offered to buy more than $ 1 trillion in additional imports for six years, reducing its trade surplus from $ 323 billion to zero in 2024. Global investors are increasingly confident that there will be a trade agreement with China.
China is basically offering the United States an economic stimulus financed by China.
The negotiators of the United States have doubts about China's offer and want more anticipated commitments. China's commitments are too far in the future. The first year would see an additional $ 45 billion in purchases from China.
It is not yet clear how China will achieve large purchases and changes in world trade. Buying US agricultural products, natural gas and perhaps oil are just part of the solution.
The United States and China are reportedly having problems in agreeing safeguards for the technology and intellectual property of the United States. This great offer is changing the focus to a different time frame.
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