The latest round of US-China trade talks ends without an agreement after $200 billion tariff hike on Chinese goods
Without a compromise, tariffs increased on $200 billion worth of Chinese exports at midnight. There was scant optimism within the administration that the continued talks on Friday would result in the tariffs being rolled back, and President Donald Trump boasted on Twitter the new moves would benefit the United States. "Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch!" he wrote."In the meantime, China should not renegotiate deals with the U.S.
US officials are pinning blame for the breakdown on Chinese President Xi Jinping, who they claim lost the political will to make the economic reforms the US is insisting upon as part of the deal. In talks Thursday night, Liu essentially told his counterparts the two leaders would need to work these differences out themselves, saying he could only go as far as Beijing will allow, according to a person familiar with the discussions.
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