China Slow Walks Trade Talks

“Plodding progress in trade negotiations between the U.S. and China this week is partly the result of a new tactic from Beijing, which increasingly thinks waiting may produce a more favorable agreement,” the Wall Street Journal reports.

“U.S. and Chinese negotiators held four hours of talks Wednesday, after a dinner the night before, and then wrapped up their first face-to-face meeting since negotiations foundered more than two months ago. Neither side announced any breakthroughs; China described the talks as constructive and said the next round would be held in the U.S. in September.”

A Chinese Foreign Ministry spokeswoman told CNBC that it was clear it was the United States that continued to “flip flop.”