China Shoots Down Trump's $200 Billion Trade Target; But Gets "Pause" In Tariffs Anyways

``Chinese officials have refused to yield to the Trump administration's demands for a $200 billion cut in the U.S. bilateral trade deficit after two days of tense negotiations, The Wall Street Journal reports. But after China promised to "significantly increase purchases" from the U.S. to help put a dent in Washington's $375 billion trade deficit, Treasury Secretary Steve Mnuchin on Sunday said the White House had put "the trade war on hold." ''