WASHINGTON - The U.S. is awaiting retaliation from China over increased tariffs, after talks in Washington ended without a deal on trade, the president’s chief economic adviser said on Sunday. ( Andrew Harnik / AP Photo ) Treasury Secretary Steve Mnuchin, second from left, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019. The United States began raising tariffs on $200 billion in Chinese imports from 10% to 25% on Friday after American officials accused Beijing of backtracking on commitments made in earlier rounds of negotiations. Talks in Washington broke off on Friday without a deal on trade, but both sides have indicated that future talks are likely. And officials have targeted American companies operating in China by slowing customs clearance and stepping up regulatory scrutiny.
Source: thestar May 12, 2019 14:37 UTC