Bloomberg: China Is Ready To Invest A Trillion Dollars In The U.S.

In exchange for the removal of duties.

During trade talks, China has offered to invest $1 trillion in the U.S. 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 interlocutors, Beijing also insists on reducing duties on imports of raw materials used by Chinese companies operating in the United States.

Discussion of exactly how much investment Washington will agree to accept is still ongoing, Bloomberg notes.

US-China Trade Talks

After the talks, which took place on May 10-11 in Geneva, the US and China agreed to temporarily reduce duties on mutual imports: up to 30% on Chinese goods to the US and up to 10% on American goods to China.

After that period ended, on August 12, Donald Trump signed another executive order postponing the imposition of new tariffs for another 90 days.

At the same time, the administration of US President Trump does not rule out the introduction of secondary sanctions against Russia in the form of 100% duties for India, China and Turkey to force these countries to stop buying Russian oil and induce Russian dictator Vladimir Putin to end the war with Ukraine.

At the same time, Trump is in no hurry to impose new restrictions against China, citing the active phase of trade negotiations between the countries.

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