The Trump administration asked China to reduce its trade deficit with the United States by $200 billion by the end of 2020, striking an assertive stance in talks aimed at averting a trade war between the world's largest economies. It also wants China to immediately stop providing subsidies to certain industries listed in a key industrial plan and end some of its policies related to technology transfers, a key source of tension underlying the dispute. Although the trade tensions have rattled investors, many market watchers think the two sides eventually will come to a deal that doesn't disrupt trade much.

Source: Los Angeles Times May 04, 2018 15:56 UTC