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U.S., China still 'very far apart' on trade: U.S. ambassador
Washington and Beijing have proposed tens of billions of dollars in tariffs in recent weeks, fanning worries of a full-blown trade war that could hurt global supply chains and dent business investment plans. Earlier this month, a U.S. delegation led by Treasury Secretary Steven Mnuchin presented China with a list of demands to tackle allegations of intellectual property theft and other trade policies Washington considers unfair. The two countries failed to reach an agreement on the long list of U.S. demands, and decided to resume talks in Washington. Branstad, who was present at the meeting, said the Chinese appeared ... (full story)