Bloomberg China offered to reduce its trade surplus with the US by “at least $200 billion” in talks to head off a possible trade war, the director of the White House National Economic Council said. “The number’s a good number,” Larry Kudlow, President Donald Trump’s top economic adviser, told reporters at the White House. “I think just as important, they ...

Bloomberg Chinese telecom company ZTE Corp. will have to change its management, including by possibly appointing new board members, to win a reprieve from US sanctions that shut it off from key suppliers, the director of the White House National Economic Council said. “We’re not talking about letting them off scot-free by any stretch,” Larry Kudlow, President Donald Trump’s top ...

Bloomberg Toshiba Corp. got regulatory approval from China for the sale of its memory chip business, clearing the way for the 2 trillion yen ($18 billion) deal with a group led by Bain Capital. The sale of the semiconductor business will take place on June 1 after approval was gained from all necessary regulators, the Tokyo-based company said in a ...