BEIJING- American and Chinese trade negotiators began more talks Wednesday aimed at ending a tariff war after Treasury Secretary Steven Mnuchin said U.S. officials might be moving toward a decision on whether to make a deal with Beijing. No agreements have been announced but both governments say they are making progress. Mnuchin said Tuesday he hoped for “substantial progress” in talks this week. The talks also cover exchange rates and possible measures to narrow China’s multibillion-dollar trade surplus with the United States. They also worry it might marginalize the World Trade Organization, which is meant to enforce free trade rules for everybody.

Source: Philippine Daily Inquirer May 01, 2019 02:48 UTC