CNBC report

Some negative trade news crossing. Here's the story.

China believes any new agreement will need to be evenhanded, while U.S. Trade Representative Robert Lighthizer told his Chinese counterparts that balance won't happen, according to CNBC's Kayla Tausche, citing a person with knowledge of the White House position.

It's not all bad news. It says a truce is still possible at this meeting, even if there isn't an agreement on these issues.