US-China trade talks 'tense' after tariff hikes, Thyssenkrupp and Tata merger blocked, Uber IPO raises questions about profitability
US officials are in China on Monday for the start of fresh trade negotiations. What's on the agenda — and what progress could be made as another deadline looms in the trade battle between Beijing and Washington?
US Secretary of State Mike Pompeo has reassured allies in London that the "special relationship" would thrive despite Brexit. Differences over Huawei and Iran have sown some seeds of concern.
The US president has raised the pressure in trade talks with China, urging Beijing to relinquish its cherished trade privileges with the US. He also insisted that his stance on sanctions against ZTE hadn't changed.
China has once again made it clear that it won't hesitate to retaliate in the trade spat with the US, asserting that Chinese President Xi Jinping's pledge to cut import tariffs is not a concession to Washington.
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