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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WSJ.com:

China scotched trade talks with the U.S. that were planned for the coming days, according to people briefed on the matter, further dimming prospects for resolving a trade battle between the world’s two largest economies.

The decision to pull out of the talks follows the latest escalation in trade tensions.

On Monday, President Trump announced new tariffs on $200 billion in Chinese imports, prompting Beijing to retaliate with levies on $60 billion in U.S. goods. Mr. Trump then vowed to further ratchet up pressure on China by kicking in tariffs on another $257 billion of Chinese products.

Chinese officials have said they wouldn’t bend to pressure tactics. By declining to participate in the talks, the people said, Beijing is following up on its pledge to avoid negotiating under threat.

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1 COMMENT

  1. I still believe that even with the tit for tat tariff’s that the Chinese would have been more willing to come to the table and talk if the American companies had not come out so angrily vocal about their displeasure of the higher tariff’s. It began as a stand off between Trump and China waiting to see who would flinch first, China believing that Trump would as Obama and others before him had. It would have been a little while before the talks began but I truly believe that the talks would have taken place and those talks would have eventually come to a decent ending, maybe not the complete ending that the President wanted but a decent one. Now the Chinese are able to stand strong and wait because they see the pressure being put on the President over the tariff’s and that they believe will give them the upper hand in any negotiations.

    The whole tariff issue is a hard one because it does hurt our companies here at home, it also hurts them there as well and so it becomes a lose/lose for our companies. The way that China is governed I don’t believe that this harms them quite as badly as it does us.

    Our politicians haven’t helped either with talk about putting laws in place to curtail what Trump is trying to do, the rhetoric that they are spouting to the media is not helping either.

    Maybe I’m naïve about this whole tariff thing.

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