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Trade war

China to propose buying more farm products and LNG from US

Second round of talks may bring progress but closing trade gap will be hard

The U.S. and China will hold a second round of talks in Washington on May 17 and 18 aimed at cutting China's trade surplus.

WASHINGTON -- As China and the U.S. prepare for their second round of trade talks in Washington later this week, Beijing plans to propose expanding imports of agricultural products and liquefied natural gas from the U.S., according to diplomatic sources. In exchange, China wants the U.S. to ease restrictions imposed on telecom equipment maker ZTE.

Prospects for a larger deal remain cloudy. Beijing has refused Washington's demand that it revise policies aimed at fostering strategic industries, which the Trump administration says unfairly subsidizes Chinese producers at American companies' expense.

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