Wall Street Journal
U.S., China Quietly Seek Trade Solutions After Days of Loud Threats
- Wide-ranging discussions aimed at widening market access follow Washington's vow to use tariffs, which sent U.S. stocks sharply lower
Link above, may be gated
- talks cover wide areas including financial services and manufacturing
- being led by Liu He, China's economic czar in Beijing, and U.S. Treasury Secretary Steven Mnuchin and U.S. trade representative Robert Lighthizer in Washington
- In a letter Messrs. Mnuchin and Lighthizer sent to Mr. Liu late last week, the Trump administration set out specific requests that include a reduction of Chinese tariffs on U.S. automobiles, more Chinese purchases of U.S. semiconductors and greater access to China's financial sector by American companies
Mnuchin
A bit of encouraging news at last on this front - maybe cooler heads will prevail. Let's see.
