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Tough negotiations as US-China trade talks kick off, but there’s scope for compromise

“The U.S. has requested that its trade deficit with China be reduced by $200 billion by 2020, media reports said” writes Cheang Ming for cnbc.com. A second round of U.S.-China trade negotiations kicks off in Washington on Thursday and although the bilateral talks are expected to be tough, there might still be scope to resolve some issues.”The U.S. side said they want us to reduce a certain amount of the deficit within a limited time. In 2017, China had a $275 billion trade surplus with the U.S. Still, that did not mean the two sides would be unable to work out some compromise to resolve the problem, said Wei, a former vice minister of commerce in China.
 
Source: cnbc.com



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