Economics
U.S. Leaves Door Open to Talks With China Amid Trade-War Fears
- Trump says on Twitter the U.S. isn’t in a trade war with China
- Stocks reverse losses as Mnuchin signals openness to talks
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The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest economies, helping to ease fears among investors of a tit-for-tat trade conflict.
U.S. Commerce Secretary Wilbur Ross said China’s response isn’t expected to disrupt the U.S. economy. In an interview on CNBC on Wednesday, he said China’s reaction “shouldn’t surprise anyone.” He said the U.S. isn’t entering “World War III” and left the door open for a negotiated solution.