China is willing to expand imports from the US if the US is willing to meet it half way in trade negotiations.
For China boosting imports is an established strategy and China doesn’t want to escalate trade tensions with the US. The country has offered to boost purchases of US goods by about 25 billion dollars this year ahead of a mid-June deadline for imposing tariffs on Chinese imports.
The US has made reducing the deficit in goods trade with China and other nations one of its most important policy goals. While it has imposed tariffs on steel and aluminum imports from across the world, riling up allies in Europe, Asia and Canada, it has yet to enact any of the China-specific levies it has threatened.
China is offering the United States a package of trade concessions and increased purchases of American goods aimed at cutting the trade deficit with China.
The package includes elimination of Chinese tariffs already in place on US farm products including fruit, nuts, pork, wine and sorghum.
China wants the US to set aside threats of tariffs on Chinese goods and US investment restrictions on Chinese companies. China also wants a relaxation of US export controls that ban American firms from selling certain high-technology products to China.
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