Trade talks between the United States and China appear to be in serious trouble after China reportedly walked back some of its commitments and President Trump launched a tirade against Chinese negotiators on social media. But this round of trade talks, which are to resume on Thursday, is different from those that have come before. Further tariff increases and other punitive measures, from both the United States and China, are likely to follow with little restraint. Among the most difficult questions still on the table are the so-called structural issues that are at the core of the Chinese economic model. The United States is demanding that it retain the right to use unilateral tariffs, while China gives up its right to retaliate.

Source: International New York Times May 09, 2019 15:00 UTC