FILE - In this Wednesday, May 1, 2019, file photo, members of U.S. and China delegation led by Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, stand for a group photo session after their meeting at the Diaoyutai State Guesthouse in Beijing.
The decision to have Vice Premier Liu He, Xi’s top economic adviser, take part in talks due to start Thursday might keep alive hopes the two biggest global economies could make peace as early as this week. The American side is led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.
Washington and Beijing have raised tariffs on billions of dollars of each other’s exports, disrupting trade in goods from soybeans to medical equipment. Estimates of lost potential sales so far range as high as $25 billion. The conflict is testing how far Beijing is willing to go in changing a state-led economic model it sees as the path to prosperity and global influence — and how much power Washington will have to enforce any agreement.
Trumps threat after China retracted their tentative agreements! China has a lot to lose if the tariffs get enacted!
Awesome stocks will rise again
Technology ambitions? You mean theft?
Did anyone tell Trump that the guy China is sending is called Wie Fook Yiu ?
Diwn with china and diwn with russia, diwn with iran
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »