BEIJING—The Trump administration is asking Beijing for a plan to cut the annual U.S. trade deficit with China by $100 billion, according to people familiar with the matter. President Donald Trump tweeted Wednesday that Washington had asked Beijing for a $1 billion reduction—less than 0.3% of the countries’ annual trade gap or around one day’s worth of the trade imbalance. His tweet was off by $99 billion. According...

Source: Wall Street Journal March 08, 2018 13:08 UTC