The Wall Street Journal: U.S., China resume high-level trade talks ahead of Trump-Xi meeting [MarketWatch]
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Source: MarketWatch
U.S., China resume high-level trade talks ahead of Trump-Xi meeting Treasury Secretary Steven Mnuchin has resumed discussions with his Chinese counterpart, Vice Premier Liu He, about a deal that would ease trade tension, ahead of a meeting of the leaders of China and the U.S. set for the end of the month. The two spoke by telephone on Friday, said people briefed on the conversation, as the U.S. demands that China put forward a concrete offer before negotiations on a trade deal can take place. Chinese officials are resisting and say they want to talk first before making a formal proposal. They worry that once they make a formal offer they will lose leverage, say officials in both countries. The Friday conversation didn’t lead to any breakthrough in those issues but the renewed discussions indicate the two sides are trying to reach an accommodation, the officials say. Some U.S. officials who take a hard line toward China say they think the Chinese will make an offer before the two leade
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