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Blog / 13 May 2019

(Video) Rajya Sabha TV (RSTV) World Panorama: China Trade Talks end without Deal

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(Video) Rajya Sabha TV (RSTV) World Panorama: China Trade Talks end without Deal


Topic: China Trade Talks end without Deal

Episode: 375

Topic Description:

Just days after they appeared to be on the verge of brokering a deal, the United States and China are fighting a trade war again. US and Chinese negotiators ended another round of talks on Friday without a deal. The Trump administration made good on its threat to raise tariffs on $200 billion worth of Chinese exports from 10% to 25% earlier on Friday, marking a sharp escalation in tension between the world's two largest economies. Beijing expressed "deep regret" at the latest US move, and reiterated that it would "have to take necessary countermeasures." However Trump said talks between Washington and Beijing will continue even after a deadline passed on Friday for them to reach an agreement. The year-long dispute has already hurt global growth and rattled stock markets around the world.

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Courtesy: RSTV