BREAKING NEWS

Report: U.S. asks China to reduce trade imbalance immediately

By REUTERS

MAY 4, 2018 10:25

BEIJING - A US trade delegation wants China to cut a bilateral trade imbalance immediately and to stop subsidizing advanced technology, a Wall Street Journal reporter wrote on Twitter on Friday, citing a document issued to the Chinese before talks.

In the document, the United States asked China to reduce its trade surplus with the US by $200 billion by 2020 and to cut tariffs on all products to levels no higher than those of the US, according to the tweet.

A US trade delegation is in Beijing this week to discuss a wide range of US complaints about China's trade practices, from accusations of forced technology transfers to state subsidies for technology development.

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