U.S.-China Trade Relations

SOURCE www.npr.org
China is assessing the situation after overtures from the U.S. for trade talks, but insists on sincerity and correction of tariff actions. Trade relations are strained with high tariffs on both sides, causing a slowdown in trade and economic impact.

Key Points

  • China assessing situation after U.S. overtures for trade talks
  • China insists on sincerity and correction of tariff actions by U.S.
  • High tariffs on both sides causing a slowdown in trade and economic effects
  • Both sides appear unwilling to give ground

Pros

  • Potential for trade talks between U.S. and China
  • Possibility of reducing tariffs in the future

Cons

  • High tariffs on Chinese imports into the U.S. and U.S. goods flowing into China
  • Slowdown in trade and economic impact on both countries