5/10/2019

CHINA/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “The United States and China wrapped up another round of trade talks Friday [5-10-19] with no resolution on when tariffs on hundreds of billions of dollars worth of goods would be removed. Treasury Secretary Steven Mnuchin told reporters that discussions with Chinese Vice Premier Liu He were ‘constructive.’ But neither he nor U.S. Trade Representative Robert Lighthizer offered any additional details as they left negotiations…The close of the latest round of negotiations in Washington leaves both sides in limbo after tariffs on $200 billion in Chinese goods increased from 10 to 25 percent at midnight on Thursday [5-9-19]. U.S. officials said earlier this week that China ‘reneged’ on commitments it had previously agreed to in negotiations, and President Donald Trump has threatened to impose duties on even more goods if the two sides are unable to reach a deal soon. The White House and Office of the U.S. Trade Representative have not responded to requests for comment about a next round of talks.”

Megan Cassella and Caitlin Oprysko, “China trade talks end with no win for Trump,” Politico, May 10, 2019 3:42 pm