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U.S.-China Trade Talks End With Key Differences Still Unresolved

  • Mnuchin leaves Beijing with little to show from trip
  • Xinhua says sides disagree on some issues, will keep talking
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The U.S.-China dispute looks set to last "many years," says BlackRock’s Rupert Harrison.Source: Bloomberg
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Two days of U.S.-China trade discussions ended in Beijing with an agreement to keep on talking, and little else.

China’s official Xinhua News Agency reported Friday afternoon that both sides reached a consensus on some trade issues while acknowledging major disagreements on some matters. It said they would continue discussions, without providing specifics for when they would start again. Neither side briefed the media, and the U.S. delegation led by Treasury Secretary Steven Mnuchin departed Beijing in the evening.