Business Insider: Trump's top economic advisers are embarking on a trip that could make or break the US-China trade fight
* President Donald Trump's top economic advisers will be in China on Thursday to try and cool the recent trade tensions between the two countries.
* The talks will likely center on the US-China trade deficit and the trade of technology between the two countries.
* They could lead to a battle inside the US delegation between free traders and protectionists.
A cadre of President Donald Trump's top trade advisers touched down in China on Thursday in an attempt to deescalate recent trade tensions between the world's two largest economies.
The two countries' recent back-and-forth on tariffs, and reports of more trade restrictions to come, have raised the specter of a trade war. While the US delegation is headed to Beijing in hopes of avoiding a negative economic outcome, the talks are likely to be contentious.
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WNU Editor: The Chinese have adopted the "go slow" and "take your time approach" .... the U.S. administration wants to see results. There is no common ground on how to resolve this massive trade imbalance.
More News On U.S. - China Trade Talks
US and China kick off talks to avoid a trade war -- CNN
China trade talks: U.S. delegation to focus on tech policies -- CBS/AP
US trade team arrives in Beijing for talks, and China media are cautious -- NBC/Reuters
Chinese media warns against bullying as US trade team arrives -- The Hill
Trump's Move Toward a Trade War Is Likely Making China Nervous -- Mark Hay, VICE
2 comments:
China should be nervous about these talks. The US funds China's modernization to the tune of $300 billion/yr trade surplus's. Fair or not, WTO rules aren't a suicide pact for the USA. This surplus needs to fall rapidly and trend towards zero over time. It grew rapidly, so it can fall just as fast.
China full of it
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