Unable to arrive at a final agreement after weeks of trade negations, U.S. and China officials are planning to meet for more “high-level” talks with an aim to reach an agreement to end the trade war by the end of April, the Wall Street Journal reports.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing next week for a meeting with Chinese Vice Premier Liu He to attempt to cement a deal to end the trade war, which has included a 10 percent tariff on Chinese hardwood flooring. A report by Rhodium Group released March 15 indicated the U.S. economy could lose $1 trillion if Chinese tariffs increased, adding pressure to find an end to the trade feud between the two countries, Business Insider reported.
In late February, President Trump announced he would delay his threatened 25 percent tariff on Chinese products due to “productive” trade talks between the countries.
