US-China trade talks dead end

 

Members of Chinese Commerce Vice Minister Wang Shouwen’s delegation wait to be admitted into the U.S. Treasury Department for trade talks with members of the Trump administration in Washington, D.C., Aug. 23. 2018.

Two days of talks between US and Chinese negotiators, to break the deadlock over trade, ended without reaching any agreement.

The US-China talks this week were the first since discussions in June remained inconclusive.”Washington, Beijing impose new tariffs as two days of discussions fail to raise prospects for a deal.”

White House spokeswoman, Lindsay Walters said in a statement that the delegations exchanged views on how to achieve fairness, balance and reciprocity in the economic relationship. However, she did not mention further talks.

A Chinese Commerce Ministry statement said the talks were constructive and frank but gave no details. It said the two sides would maintain contact.

The dispute over China’s high-tech industrial policy escalated yesterday as the Trump administration and Beijing imposed taxes on an additional 16 billion US Dollars of each other’s goods.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s