US Ambassador Says Trade Talks with China Continue

U.S. Ambassador to China Terry Branstad said in remarks in Iowa over the week that it is not clear how long the U.S.-China trade frictions will continue. “We are continuing to have discussions,” Branstad said. “I am trying to keep the leaders in Washington informed and do all that we can. We have had several meetings and we are going to continue to work on it.”Branstad said U.S. Treasury Secretary Steve Mnuchin has been in talks with Chinese officials over the past two weeks, so the countries are trying to negotiate. He also said that President Trump is justified in putting tariffs on imports of Chinese goods into the U.S. He says China is in worse financial condition than the U.S. due to the drop in that nation’s stock market and currency value.Speaking at the Iowa State Fair, Branstad said it was unfortunate American farmers have been collateral damage in the trade war and he is unsure what it will take for China to finally cut a deal with the U.S.