The U.S. handed China a lengthy list of demands on trade, ranging from immediately cutting a trade imbalance by $100 billion a year to halting all Chinese government support for advanced technologies, according to a document sent to Beijing before talks this week.
The U.S.-China trade relationship is “significantly imbalanced,” said the document, which was reviewed by The Wall Street Journal. It noted that U.S. investment and sales of services into China remain “severely constrained” and added that China’s industrial policies “pose significant economic and security concerns” to the U.S.
Chinese officials believed the proposal was “unfair,” according to people with knowledge of the negotiations Thursday and Friday. U.S. officials declined to comment on the document.