US-China Trade Talks Enter Final Stretch
With just a week left before U.S. tariffs on $200 billion in Chinese imports are expected to jump from 10 to 25 percent, negotiators from both countries continued haggling in Washington yesterday to avoid a worsening trade war. Sources suggest this week’s talks have been the toughest round yet, with U.S demands focusing on structural changes to China’s economy and an “enforcement mechanism” to guarantee Beijing complies with any agreements.
Is there a make-or-break? Some analysts say the White House is banking on special envoy Liu He — who’s known President Xi Jinping since middle school, and who President Donald Trump’s called “a friend of mine” — to lobby Beijing hard on America’s behalf.