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Tariff Clock Is Ticking as Crucial U.S.-China Talks Wrap for Day

  • U.S. tariffs on Chinese imports due to increase on Friday
  • Liu, Lighthizer and Mnuchin had dinner at Metropolitan Club
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Trump Says He Received Letter From Xi and They May Speak on the Phone(Source: Bloomberg)
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U.S. and China trade negotiators wrapped up their first day of talks as the Trump administration prepared to ramp up tariffs, deepening a conflict that has roiled financial markets and cast a shadow over the global economy.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin left the Metropolitan Club where they were dining around 8:40 p.m. Liu walked out of the restaurant with a smile and didn’t respond to a question about how the talks were going. Earlier he had discussions in the USTR office for about 90 minutes. Talks are set to resume Friday, though some close observers said they were not hopeful for any meaningful breakthroughs.