The White House is likely to fall well short of a plan to slash the U.S. trade deficit with China by half, in large part because American farms and factories will find it hard to produce enough exports to meet that goal, trade experts say. China’s chief economic envoy, Liu He, is in Washington for talks with the Trump administration that began Thursday on the U.S. plan, which was presented during earlier talks in Beijing. The eight-point plan’s first goal: “China commits to work with Chinese importers” to reduce the U.S....

Source: Wall Street Journal May 17, 2018 12:04 UTC