The United States, the European Union and Japan proposed new global trade rules on Tuesday to curb subsidies they say are distorting the worldwide economy, with China their clear target. A day before Chinese officials are expected to sign the first phase of a trade deal with the United States in Washington, Beijing is again the focus of criticism from its main trading partners. The phase one US-China deal will lead to China buying more US products, but not tackle hard issues such as subsidies. After meeting in Washington, Japanese Economy Minister Hiroshi Kajiyama, US Trade Representative Robert Lighthizer and EU ... (full story)