Economics
Trump's China Hawks Prepare to Swoop as Trade Talks Go Nowhere
- Summer of negotiation yields few gains; U.S. plans new tariffs
- Analysts say U.S. hardliners push for ever-greater concessions
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The U.S.’s trade war with China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand -- and they’re set to unleash a fall offensive.
Talks in Washington between the world’s two largest economies yielded little visible progress last week toward a cease-fire. Looming instead are new tariffs that Trump has threatened to impose on some $200 billion in annual imports from China, and Beijing’s already-promised retaliation.