china trade war
The U.S. and China on Tuesday start a new round of trade negotiations, two months after talks on ending the tariff war between the world's two biggest economies broke down. U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are scheduled to meet Tuesday and Wednesday with a Chinese delegation headed by Vice Premier Liu He in Shanghai.
Expectations are low, The Associated Press reports, as China is resisting U.S. demands for Beijing to stop forcing U.S. companies to hand over technology in exchange for access to Chinese markets, while the Trump administration is balking at China's insistence that any deal immediately lift all new U.S. tariffs. "The same issues that caused the talks to break down are still there," said Julian Evans-Pritchard of Capital Economics.