The US-China trade war is set to continue, negotiators from both sides have ended a session of talks without announcing an agreement
Trade talks between the US and China end without a deal, but negotiators from both sides say they held"constructive" talks that went"fairly well" after the US raised tariffs on $200 billion in Chinese goods and Beijing promised to retaliate.
After a short session on Friday, the lead Chinese negotiator, Vice Premier Liu He, left the Office of the US Trade Representative about midday. "They were constructive discussions between both parties, that's all we're going to say," Mnuchin was quoted as saying by CNBC following a two hour negotiating session.
In an upbeat pair of tweets, Trump also said, "The relationship between President Xi and myself remains a very strong one."Hours earlier, the Trump administration hiked tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent, escalating tensions between Beijing and Washington. China's Commerce Ministry said it would impose "necessary countermeasures" but gave no details.
After weeks of rising optimism, the tone out of the White House has veered to anger and then nonchalance. The US leader continues to argue that tariffs could in some ways be preferable to reaching a trade deal.
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