U.S., China Trade Talks Yield No Major Progress as Tariffs Bite (Bloomberg)
Bloomberg Aug 24, 2018
Closely watched trade talks between the U.S. and China wrapped up on Thursday with no major progress, setting the stage for further escalation of the trade war between the world’s two largest economies.
The two sides had met low expectations for this week’s meetings and no further talks had been scheduled, a person familiar with the discussions said. The person, who requested anonymity to discuss the private deliberations, also said Chinese officials had raised the possibility that no further negotiations could happen until after November’s mid-term elections in the U.S.
In a statement, the White House said the countries “exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship, including by addressing structural issues in China” identified by the U.S. in an investigation into Chinese intellectual-property practices. China did not immediately issue its own statement.