US declined China's offer to cut trade deficit by $50 billion - Bloomberg

According to the latest headlines hitting the wires, via Bloomberg, citing a person familiar with the situations, the US-China trade talks are said to have stalled over high-tech industry.

Key headlines:

   •  US rejected China offer to cut trade deficit by $50 billion
   •  US asked China to stop subsidizing high-tech industry
   •  China is considering trade concessions for Europe, Mexico