After roughly half-a-day of negotiations, the US trade delegation has broken off talks with its Chinese counterpart and is already on its way back to Washington, a sign that no new progress was made, and that trade talks between the US and China remain at an impasse.
According to Bloomberg, US delegates including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer wrapped up talks with Vice Premier Liu He and their other Chinese counterparts on Wednesday afternoon at the Xijiao State Guest Hotel in Shanghai, according to a pool report.
As the talks ended, China's Ministry of Foreign Trade issues a response to President Trump, who has been warning the Chinese not to keep stalling on the talks.
In response to a question about Trump's tweets, Chinese Foreign Ministry spokeswoman Hua Chunying said that although she was not aware of the latest developments during the talks, it was clear it was the US that continued to "Flip flop."
This week's meetings, the first in-person trade talks since a G20 truce last month, amounted to a working dinner on Tuesday at Shanghai's historic riverfront Fairmont Peace Hotel and a half-day of negotiations on Wednesday, Reuters reports.
These issues, as Reuters reports, are "Somewhat removed" from the more core US complaints in the trade dispute, including US demands surrounding forced technology transfers and state subsidies.
Of course, few analysts expected this week's talks - the first round of live talks since the second trade truce was struck between Trump and President Xi in Osaka - to yield much progress.
https://www.zerohedge.com/news/2019-07-31/us-china-trade-talks-collapse-after-half-day-negotiations
According to Bloomberg, US delegates including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer wrapped up talks with Vice Premier Liu He and their other Chinese counterparts on Wednesday afternoon at the Xijiao State Guest Hotel in Shanghai, according to a pool report.
As the talks ended, China's Ministry of Foreign Trade issues a response to President Trump, who has been warning the Chinese not to keep stalling on the talks.
In response to a question about Trump's tweets, Chinese Foreign Ministry spokeswoman Hua Chunying said that although she was not aware of the latest developments during the talks, it was clear it was the US that continued to "Flip flop."
This week's meetings, the first in-person trade talks since a G20 truce last month, amounted to a working dinner on Tuesday at Shanghai's historic riverfront Fairmont Peace Hotel and a half-day of negotiations on Wednesday, Reuters reports.
These issues, as Reuters reports, are "Somewhat removed" from the more core US complaints in the trade dispute, including US demands surrounding forced technology transfers and state subsidies.
Of course, few analysts expected this week's talks - the first round of live talks since the second trade truce was struck between Trump and President Xi in Osaka - to yield much progress.
https://www.zerohedge.com/news/2019-07-31/us-china-trade-talks-collapse-after-half-day-negotiations
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