5/10/2019

No Progress on U.S.-China Trade Pact

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U.S. and Chinese negotiators ended another round of high-level trade talks in Washington, D.C., on Friday with no discernable progress in ending the trade war between the two countries.

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U.S. and Chinese negotiators ended another round of high-level trade talks in Washington, D.C., on Friday with no discernable progress in ending the trade war between the two countries.

Reports suggest neither side had new concessions to offer. Earlier in the day President Donald Trump tweeted that there is “no need to rush” a deal, even as his administration hiked tariffs on $200 billion worth of Chinese goods to 25% from 10%.

U.S. Treasury Secretary Steve Mnuchin described today’s talks “constructive.” China Vice Premier Liu He told reporters the meetings went “fairly well.” The Chinese negotiating team left for home this afternoon.


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