Are US-China Talks Going to Resolve the Trade War?
The US-China Trade War has lasted for almost 10 months now which has seen $250 Billion in tariffs against Chinese products and an additional $110 Billion in tariffs against US goods. Many industries have been affected and while talks have been held, little progress has been made. However, US Treasury Secretary Steve Mnuchin has stated that the US and China have recently made progress and are heading towards the "final stages of discussion." Therefore, Mnuchin and Trade Representative Robert Lighthizer will be in Beijing on April 30th to begin talks.
Mnuchin has stated that if the talks fail, Trump will most likely impose another round of tariffs. Personally, I'm not quite sure what Trump is trying to do by imposing more tariffs if the talks fail but then again no one really knows what he is thinking. What I'm more curious about is if the talks will actually result in any change in the trade war for the better and if there will be any sort of agreement between the US and China. What are your thoughts on this matter? Will the US and China make any progress or will the talks stall and continue to drag out this trade war?