US-China ends the 2nd day of talks to save trade deal as Donald Trump’s 25% duty hike on $200 bn Chinese imports loom over Beijing

The top US and Chinese trade negotiators concluded the first of two days of talks on Thursday. To rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China. The tension between Washington and Beijing has risen after a major setback in negotiations last week. When China revised a draft deal and weakened commitments to meet US demands for trade reform.

President Donald Trump responded by ordering a tariff hike, and China has said it would retaliate. The 10-month-old trade war has already cost companies in both countries billions of dollars. Chinese vice premier Liu He, US trade representative Robert Lighthizer and US treasury secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday. Officials did not speak to reporters as they left the talks.

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