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

From reuters.com

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. The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains. U.S. President Donald Trump’s administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies - including industrial subsidies - that Washington says ... (full story)

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