Originally published at: https://staging-hannity.kinsta.cloud/media-room/breaking-china-offers-path-to-eliminate-us-trade-deficit-stocks-post-big-gains/
The stock market rose by 300 points Friday after reports the Chinese government offered a path towards totally eliminating the US-China trade imbalance by 2024, according to CNBC News.
“The major averages jumped to their highs of the day after sources told CNBC that China had offered a six-year increase in U.S. imports during recent trade talks. Bloomberg News reported on Friday that the deal would aim to reduce the annual U.S. deficit to zero by 2024,” writes CNBC.
“The Wall Street Journal reported that Treasury Secretary Steven Mnuchin had floated the idea of easing tariffs on Chinese goods as the two countries continue to negotiate on trade,” adds the article.
