Trump team demands China slash U.S. trade surplus by $200 billion, cut tariffs

BEIJING/WASHINGTON (Reuters) – The United States has demanded that China cut its U.S. trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to U.S. levels, two people familiar with U.S.-China trade talks said on Friday. The lengthy list of demands was presented to Beijing prior to the start of talks Thursday and Friday between top-level Trump administration officials and their Chinese counterparts to try to sort out disputes that have threatened a damaging trade war between the world’s two largest economies. The U.S. side has yet to give its account of …read more

Source:: Yahoo Finance

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