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.

By Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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