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Trade war

Trade talks face moment of truth as US pushes China on subsidies

Beijing's state support for core industries remain as sticking point in negotiations

Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer, front left and right, at a meeting with U.S. President Donald Trump on Feb. 22. The countries were believed to be nearing a deal before Trump's latest threat.   © Reuters

WASHINGTON/BEIJING -- Despite being steps away from finalizing an agreement to end the trade war, negotiations between the U.S. and China have come to a screeching halt, largely over Chinese state subsidies to its core industries.

"The U.S. and China had agreed on over 90% of the trade pact," an official at an American economic group said. "But they were ultimately unable to bridge their rift on Chinese subsidies."

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