China narrows scope for trade deal with US ahead of talks
Live MintChinese officials are signaling they’re increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce. People close to the Trump administration say the impeachment inquiry isn’t affecting trade talks with China. Fundamental Conflict Hopes have always been limited that China would agree to give up its economic model in a trade deal with the U.S. A draft agreement reached in April before talks broke down included few substantive commitments from China to abandon the sort of industrial policies the Trump administration and others before it have complained about, according to people familiar with the talks. Still, people close to the administration say Trump’s trade chief probably would need some kind of commitment resembling a concession on subsidies and industrial policy to sell the agreement at home.