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WASHINGTON -- The
U.S. and China failed to agree on major new steps to reduce the U.S. trade
deficit with China, casting doubt over U.S. President Donald Trump's economic and
security relations with Beijing. U.S. demands at the
annual economic session in Washington included reducing excess Chinese
steel capacity, reductions in China¡¯s auto tariffs, cutting subsidies for
state-owned enterprises, ending Chinese requirements for data localization and
lifting ownership caps for foreign firms in China.
BERLIN -- Germany persuaded China to
make concessions on its proposed quotas to encourage the
production of electric vehicles, Chinese Premier Li Keqiang and
Chancellor Angela Merkel said after talks in Berlin on Thursday. Li told a joint news conference he had discussed the issue
at a dinner in Berlin on Wednesday and China had agreed to make
concessions to automakers, without giving details.
its Chinese joint venture partner BAIC Motor Corp.
agreed to upgrade the Mercedes-Benz factory in Beijing
to make electric cars. Daimler also agreed to acquire a minority stake in Beijing
Electric Vehicle Co., a subsidiary of the BAIC
Group, to enhance collaboration on developing so-called new