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Economics

U.S., China Lack Deal But Avoid Rupture After Tariff Hike

  • Trump said Friday there’s no reason to rush a trade agreement
  • Talks in Washington made little progress, according to sources
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Lavin, a former U.S. Commerce Department official, and Zhu, adviser of China’s institutions, discuss the trade spat.(Source: Bloomberg)
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U.S. and Chinese officials wrapped up high-level trade talks on Friday, lacking a deal yet avoiding a breakdown in negotiations even after President Donald Trump boosted tariffs on $200 billion in goods from China and threatened to impose more.

Trump described the two days of talks as “candid and constructive,” and said that negotiations will continue “into the future.”