China has offered President Donald Trump a $200 billion reduction in its annual trade surplus with the U.S. by increasing imports of American products and other steps, said a Trump administration official.

China made the offer during talks in Washington this week as Chinese Vice Premier Liu He visited to try to resolve a trade dispute, the official said, speaking on condition of anonymity. Liu met with Trump Thursday afternoon at the White House. The official didn’t describe the U.S. response.

U.S. officials conveyed the president’s goal for a fair trading relationship with China and the two sides agreed to continue the discussions on Friday, the White House said in a statement. China’s Ministry of Commerce and the State Council Information Office didn’t initially respond to requests for comment.

Separately, China announced Friday that it would end its anti-dumping and anti-subsidy investigation into imports of U.S. sorghum, citing “public interest.” That move, coupled with steps in recent days including the relaxation of a block on Qualcomm Inc’s application to acquire NXP Semiconductors NV, signal that China is taking a conciliatory stance as talks with the U.S. intensify.

Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. in Sydney, said the Chinese proposal is “a positive sign that a full on trade war may be averted.”

“By making a significant offer to the U.S. it indicates that China is taking the negotiations very seriously,” Oliver said. “Much will depend on the details and time period and later in terms of the implementation.”

Reuters reported China’s trade deficit reduction offer earlier.