LIttle progress according to a Wall Street Journal report

According to the article:

  • Mnuchin and Liu talk about a possible meeting but talks are in the very preliminary stage.
  • Both sides argue that is up to the other to make the first move
  • both sides have agreed that their initial offers weren't a solid base for further negotiations
  • The administration believes it strengthens its hand last week with a tentative trade accord with the EU
  • The US has imposed 25% tariffs on $34B of China goods
  • They are likely to delay tariffs on another $16B until next week
  • The US is pursing a 10% tariff on $200B of other China imported goods
  • Trump has gone as far as saying he would impose tariffs on all China goods into the US ($505B in total).

The full article may be gated but can be found HERE