China's disputed $200 billion offer to cut trade deficit

Liu He delivers a speech at the annual World Economic Forum in January. Photo: Fabrice Coffrini/AFP/Getty Images

China is disputing reports that Vice Premier and Xi Jinping special emissary Liu He offered to meet the Trump administration's request to cut the trade deficit in his talks Thursday in D.C.

Why it matters: "Even if there is a deal to cut the trade deficit by $200 billion, experts say the U.S. can not produce and sell enough goods to China to hit that target," as Bob Davis and Lingling Wei reported in the Wall Street Journal: