Chinese finance ministry official says 'optimistic' on trade war breakthrough

Reuters: A Chinese finance ministry official said on Wednesday he felt “a little bit more optimistic” on the prospect of breaking an impasse in trade negotiations with Washington, saying both sides are too economically integrated to tolerate a fallout.

An escalating tariff war between the world’s two largest economies has set world markets on edge and cast a cloud over global economic growth.

China, angered by the latest U.S. tariffs on $200 billion of Chinese goods, turned down Washington’s invitation last month for another round of trade talks, urging the U.S. government to show “sincerity” first by dropping tariff threats.

Read article