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

Trump team demands China slash U.S. trade surplus by $200 billion, cut tariffsWASHINGTON/BEIJING (Reuters) - The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people familiar with the talks said on Friday. The lengthy list of demands was presented to Beijing before the start of talks Thursday and Friday between top-level Trump administration officials and their Chinese counterparts to try to avert a damaging trade war between the world's two largest economies.




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