President Donald Trump offered an upbeat assessment of US-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team. AdvertisingExpectations were low that the negotiations would do much to resolve a 15-month trade battle that is weighing on the global economy. Under Trump, the United States has slapped tariffs on more than $360 billion worth of Chinese imports and is planning to hit another $160 billion December 15. The high cost of the tariffs and uncertainty over when and how the trade war will end have taken an economic toll, especially on manufacturing companies. “We all know we can’t afford a further escalation of the trade war,” Brilliant said.

Source: Indian Express October 11, 2019 01:52 UTC