Trade Cases
July 19, 2017
U.S./China Talks Unproductive
Written by Sandy Williams
Trade talks with China this week ended in a stalemate after the U.S. pressed for “more fair” trade terms. The discussions were described as “a frank exchange” but little if any agreement was reached on bilateral trade and economic issues, according to a senior U.S. official. A press conference following the meeting was canceled and no joint statement was issued.
Commerce Secretary Wilbur Ross and Treasury Secretary Steven Mnuchin said, “China acknowledged our shared objective to reduce the trade deficit, which both sides will work cooperatively to achieve.”
