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Trade war

US-China trade talks end with both sides miles apart

Washington and Beijing exchange lengthy lists of demands

U.S. Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross in Beijing for trade talks on May 4.   © Kyodo

BEIJING/WASHINGTON -- The U.S. is seeking a $200 billion cut to its trade deficit with China by 2020, twice earlier plans, with recent negotiating positions showing an ocean-sized gap between the two countries.

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