Investing.com - Officials in the Trump administration have discussed proposing a limited trade deal to China, Bloomberg reported Thursday, citing sources. But a senior White House official later told CNBC the administration is "absolutely not" considering such a move.
A limited deal could delay or roll back some U.S. tariffs in return for Chinese promises on intellectual property and agriculture purchases, Bloomberg reported.
The plan was discussed by some of President Donald Trump’s top trade advisers ahead of trade talks in Washington in the coming weeks, the report said.
The S&P 500 was up about 0.2% following the CNBC report of the denial, down from up 0.55% right after the Bloomber report was published.