U.S. waters down demand China ax subsidies in push for trade deal

April 15, 2019

Editor’s note: CPA’s position is that no deal is better than a bad deal with China. The US is likely better off with unilateral trade action instead of a compromise deal. China and others have a history of avoiding change even when they promised to change.

WASHINGTON/BEIJING (Reuters) - U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. objective for the trade talks.

[Alexandra AlperChris PrenticeMichael Martina | April 14, 2019 | Reuters]

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