Trump: Handelskrig är bra - Strafftull på stål och aluminium

WASHINGTON — President Trump, facing an economic war with China and a momentous meeting with North Korea, is considering a trade deal with Beijing that would soothe tensions and clear the way for his historic encounter with Kim Jong-un. But it would risk abandoning the president’s broader goal of punishing China for years of pressuring American companies to hand over sensitive technology.

Chinese negotiators are preparing to offer the administration a deal to buy up to $200 billion worth of American goods, which would allow Mr. Trump to claim victory in his campaign to reduce the trade deficit with China and rebalance America’s trade relationship with its biggest economic rival, according to people briefed on the deliberations.

But the Chinese promises would be largely illusory, economists cautioned, given the structural hurdles in China to buying more American exports and the sheer amount of goods the United States would have to produce to meet Beijing’s demand.

Under the deal being discussed, China would pledge to buy substantially more American goods, including agricultural products like soybeans, as well as semiconductors and natural gas. That could theoretically reduce its trade surplus with the United States — which hit $372.5 billion last year — by up to $200 billion, though the real number would most likely be lower.

In return, China is asking the United States to set aside tariffs and investment restrictions it has threatened against Chinese companies. That includes lifting sanctions on the telecommunications giant ZTE, which faced ruin after losing access to its American suppliers, and relaxing export controls that prevent American companies from selling sensitive technology to China.

For Mr. Trump, his motive may be diplomatic as much as economic: He needs China to use its influence with Mr. Kim, who has suddenly thrown a cloud over his planned meeting with Mr. Trump in Singapore next month.

President Xi blinkade nar han vek ner sig:

China's Xi promises to lower tariffs this year, open economy further https://fxn.ws/2GNoZ7Q

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