Trade Talks with China Have ‘Broken Down’

New York Times: “The trade war between the United States and China showed no signs of yielding on Thursday, as Steven Mnuchin, the Treasury secretary, told lawmakers there was no clear path to resolution and Beijing blasted the administration over its approach. Mr. Mnuchin, who has tried to avoid calling the trade tensions with China a ‘war,’ said talks with Beijing had ‘broken down’ and suggested it was now up to China to come to the table with concessions.”

“The Chinese, meanwhile, accused the United States of ‘acting erratically’ and said the administration had ‘blatantly abandoned the consensuses that two sides have reached and insisted on fighting a trade war with China.’”