Mexican Media Brands
U.S., China to Resume Face-to-Face Trade Talks
China and the U.S. say their top trade envoys will meet in person in Washington, D.C., next month in an effort to revive stalled trade talks.
#economics
Share
China and the U.S. say their top trade envoys will meet in person in Washington, D.C., next month in an effort to revive stalled trade talks.
China’s Vice Premier Liu He says he agreed to visit in early October, Bloomberg News reports. The U.S. Trade Representative’s office says only that high-level talks will occur in “the coming weeks.”
Both countries hiked their protective tariffs against each other on Sept. 1 in the latest escalation of a trade war that began in July 2018. President Donald Trump also has threatened to add more taxes on Oct. 1 and Dec. 15.
Whether any progress will result is highly uncertain. Neither country wants to be blamed for the expanding damage to the global economy caused by their 14-month-old trade war. But skeptics say neither company appears willing to budge from its current impasse position.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.