US-China economic dialogue ends in a tiff

Press conferences canceled; no joint statement issued

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Chinese Vice Premier Wang Yang, left, and U.S. Treasury Secretary Steven Mnuchin attend the U.S.-China Comprehensive Economic Dialogue in Washington on July 19.

TAKESHI KAWANAMI and ISSAKU HARADA, Nikkei staff writers

WASHINGTON -- Negotiators involved in the first U.S.-China Comprehensive Economic Dialogue here on Wednesday failed to produce concrete results.

The U.S. later issued a statement saying China acknowledged a shared objective to reduce the U.S.'s bilateral trade deficit. But the statement made no mention of specific reduction targets in steel and other sectors, indicating that the two sides could not iron out key differences.

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