World

U.S. Treasury Secretary and member of a U.S. trade delegation Steven Mnuchin leaves a hotel in Beijing, China, May 4, 2018. REUTERS/Thomas Peter

Trump team demands China slash U.S. trade surplus, cut tariffs

WASHINGTON/BEIJING, (Reuters) – The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people familiar with the talks said yesterday.

British PM May avoids London wipeout in local elections

LONDON, (Reuters) – Prime Minister Theresa May’s Conservative Party avoided a wipeout in London local elections and eked out gains in Brexit-supporting regions elsewhere, results yesterday showed, denting the opposition Labour Party’s hopes of a big win.

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