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US asks China to slash trade surplus by $200 billion

The talks ended with China's Xinhua news agency describing them as "constructive, candid and efficient" but with disagreements that remain "relatively big."

US, China, trade war
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FILE PHOTO: US President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China | Reuters photo

Sue-Lin WongDavid Lawder Beijing/Washington
The US has demanded that China cut its US trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to US levels, two people familiar with US-China trade talks said Friday. 

The lengthy list of demands was presented to Beijing prior to the start of talks on 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 talks ended with China’s Xinhua news agency describing them as “constructive, candid and efficient” but with disagreements

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