Sources say US trade talks with China have stalled
Negotiations between the U.S. and China appear to have stalled as both sides dig in after disagreements earlier this month.
Scheduling for the next round of negotiations is in flux because it is unclear what the two sides would negotiate, two sources briefed on the status of the talks said. China has not signaled it is willing to revisit past promises on which it reneged earlier this month, despite showing up for talks in Washington last week.
Both sides have dug in on their positions this week. China propped up its currency and cut U.S. pork orders, while state media took on an increasingly nationalistic message. The Trump administration, meanwhile, put Chinese telecommunications company Huawei and its affiliates on a business blacklist and banned it from the supply chain, actions it had shelved earlier in the trade talks to smooth relations.
China has invited the U.S. delegation to Beijing, and earlier this week, Treasury Secretary Steven Mnuchin appeared open to accepting the offer. But sources say scheduling discussions have not taken place since the Trump administration ratcheted up its scrutiny of Chinese telecoms companies. The move was seen as a shot across the bow.
https://www.msn.com/en-us/money/markets/sources-say-us-trade-talks-with-china-have-stalled/ar-AABvQ8l
Way to go Mr. Art of the Deal