A high-powered U.S. trade delegation is heading back from Beijing after two days of trade talks with senior Chinese officials. U.S. Treasury Secretary Steve Mnuchin told reporters the two teams had “good conversations.” The American team brought a list of demands to the talks, including cutting $200 billion from China’s trade surplus with the U.S. by 2020 and cutting back Chinese subsidies of the country’s high-tech manufacturing sectors.

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