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
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.