Trade war: Trump administration wants China to cut tariffs on imported cars

Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more US-made semiconductors in negotiations to avoid plans to slap tariffs on a host of Chinese goods and a potential trade war.
 
A person familiar with the discussions said these were among the asks from Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer as they pursue talks with Beijing.
 
The Wall Street Journal first reported the demands from US officials, saying they came in a letter sent to Beijing last week.
 
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