As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by TheHill.com:
Rep. Kevin Brady (R-Texas), the chairman of the House Ways and Means Committee, is urging President Trump to meet with Chinese President Xi Jinping amid an escalating trade war between the two countries.
Brady expressed concerns in the wake of the Trump administration’s announcement that it would look to impose tariffs on an additional $200 billion in Chinese goods, just days after the two nations implemented duties on $34 billion worth of the other country’s imports.
The article goes on to state the following:
“With this announcement, it’s clear the escalating trade dispute with China will go one of two ways – a long, multi-year trade war between the two largest economies in the world that engulfs more and more of the globe, or a deliberate decision by President Trump and President XI to meet and begin crafting an agreement that levels the playing field between China and the U.S. for local farmers, workers and businesses,” Brady said in a statement.
“Despite the serious economic consequences of ever-increasing tariffs, today there are no serious trade discussions occurring between the U.S. and China, no plans for trade negotiations anytime soon, and seemingly little action toward a solution,” he added.
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