U.S. An China More Divided Than Ever On Trade

Explainer: U.S., China more divided than ever as new trade talks loom

Sept 5 (Reuters) - Senior U.S. and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.

Since trade negotiations between the world's largest economies broke down in May, both countries have added tariffs on billions of dollars of the others' goods, broken good faith promises and traded public insults.

Washington accused Beijing of reneging on commitments to change its laws to enact economic reforms, while Beijing called U.S. President Donald Trump's tariff's "barbaric." Leaders from both countries are now vowing a long fight, despite slowing domestic economies.

Here is the state of play:

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WNU Editor: Some are speculating that we are in fact entering a second Cold War .... US-China trade dispute is ‘already in the early stages’ of a second Cold War, Niall Ferguson says (CNBC).