China disputes reports it offered U.S. $200 billion trade cut

The Chinese government said it hasn't made any offer to the U.S. to cut its trade surplus by $200 billion, Reuters and other media outlets reported Friday. Media reports Thursday said China had offered to buy $200 billion in U.S. goods in a bid to whittle down that trade surplus and stave off a trade war between the two nations. "This rumor is not true. This I can confirm to you," China Foreign Ministry spokesman Lu Kang said at a daily news conference, according to Reuters. Several news outlets reported Thursday that the proposal was made during a second round of trade negotiations in Washington attended by Chinese Vice Premier Liu He. Earlier this month, the U.S. demanded that China cut its trade gap with the U.S. by that amount, according to Fortune. U.S. officials cited by CNN said no agreement has been reached yet in those trade talks. On Thursday, U.S. President Donald Trump said Beijing had become too "spoiled" and he had lowered his expectations for negotiations.