U.S. and China Are Talking Some More, But Deal Prospects Are Still Slim
- Washington hosting highest-level talks since Trump-Xi dinner
- March 1 deadline for U.S. tariffs to rise to 25 percent looms
Photographer: Brent Lewin/Bloomberg
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The U.S. and China are sitting down Wednesday for the first of two days of high-level talks aimed at finding a solution to a trade war that’s casting a growing shadow on both of the world’s two largest economies. But don’t hold your breath for a deal.
Treasury Secretary Steven Mnuchin, who remains the most prominent advocate of a deal in the Trump administration, on Tuesday told the Fox Business Network he expected “significant progress” in this week’s talks.