US, China begin new round of tariff war negotiations
BEIJING (AP) — American and Chinese trade negotiators began more talks Wednesday aimed at ending a tariff war after Treasury Secretary Steven Mnuchin said U.S. officials might be moving toward a decision on whether to make a deal with Beijing.
No agreements have been announced but both governments say they are making progress. That has helped to reassure jittery global financial markets.
Washington is pressing Beijing to roll back industry development plans it says are based in part on stolen technology and that violate its market-opening commitments.
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