The U.S. and China are trying to restart trade talks as the two nations square off in a trade war. The attempt comes as the Trump administration readies a new round of tariffs against China.
Bloomberg reports representatives of U.S. Treasury Secretary Steven Mnuchin and China’s Vice Premier are having private conversations as they look for ways to re-engage in negotiations. No timetable was offered, as the issues and format for any talks are not final, but both sides do apparently agree that more talks need to take place.
The U.S. and China have been exchanging tariff announcements that started with Trump’s steel and aluminum tariffs earlier this year. Negotiations have been stalled for weeks with both sides digging in. The U.S. and China have offered little indication publicly any will to restart negotiations.
Last week, U.S. Trade Representative Robert Lighthizer said the trade tension with China are a “chronic problem,” while a trade official from China accused the U.S. of “extortion.”
From the National Association of Farm Broadcasting News Service.