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Friday, August 24, 2018

US-China Talks End with No Major Breakthrough

Chinese leader Xi Jinping and his trade officials are not budging after two days of trade policy talks that ended Thursday in Washington. A Trump administration official acknowledged that President Trump and his team have repeatedly laid out for Chinese officials the changes in behavior they would like to see. “But so far,” the official said, “we have yet to see those.” Negotiators made no real progress at the two-day meeting, although Beijing described the talks as “constructive and frank" and said the two sides would stay in contact about the next steps. A fresh round of U.S. tariffs on $16 billion of Chinese imports went into effect on Thursday, and Beijing retaliated with tariffs on $16 billion of American imports.