U.S., China to resume negotiations seeking end to trade rift GlobeBusiness
. Negotiators met in Beijing last week in talks that Treasury Secretary Steven Mnuchin described as “constructive.” Now, Vice Premier Liu He, a close confidante of President Xi Jinping, is leading a Chinese team to Washington.
Forecasters at the World Bank and International Monetary, among others, have downgraded their outlook for the global economy, partly because the U.S.-China rift is damaging trade and causing businesses to slow their investment until they know how the dispute will end. Congressional Democrats and others have warned Trump against reaching any agreement that settles for more U.S. exports to China without also requiring Beijing to adopt serious economic reforms.
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