U.S. waters down demand China ax subsidies in push for trade deal - sources
WASHINGTON/BEIJING - U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. objective for the trade talks.
In the push to secure a deal in the next month or so, U.S. negotiators have become resigned to securing less than they would like on curbing those subsidies and are focused instead on other areas where they consider demands are more achievable, the sources said. "If U.S. negotiators define success as changing the way China's economy operates, that will never happen," said the other source with knowledge of the trade talks.
"The purchasing, for example, reinforces the role of the state sector because the purchasing is all being done through state enterprises," one of the sources said.
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