Trade talks with China linger past Trump’s midnight deadline as new tariffs set to begin


President Donald Trump’s administration allowed U.S. tariffs on $200 billion in Chinese goods to more than double even as officials said high-stakes negotiations intended to broker a new agreement would continue Friday.
U.S. and Chinese negotiators failed to reach an agreement late Thursday ahead of the president’s self-imposed midnight deadline, meaning tariffs jumped to 25% from 10% on a massive range of Chinese goods, including office furniture, handbags and frozen catfish fillets.
The White House left open the possibility of coming to an agreement to roll back what would amount to the largest escalation to date in a months-long trade war with Beijing.
The White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer “agreed to continue discussions tomorrow morning” with the Chinese delegation.
Trump’s mixed messages in the run-up to the midnight deadline roiled markets as investors tried to parse the president’s words and assess whether he was serious about raising the tariffs.

Read Full News : https://worldfoxnews.com/2019/05/10/trade-talks-china-linger-past-trumps-midnight-deadline-new-tariffs-set-begin/

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