Will Trump Beat China In This Trade War?

The Trump administration has offered China a new chance to talk trade as US officials prepare to impose steep tariffs on a huge range of Chinese goods.

"There's some discussions and information that we've received that the Chinese government — the top of the Chinese government — wished to pursue talks," top White House economic adviser Larry Kudlow said Wednesday on Fox Business. "And so, Secretary [Steven] Mnuchin, who is the team leader with China, has apparently issued an invitation."

Kudlow declined to provide further details on the potential talks, stressing that "it's just an invitation" at this stage. The Wall Street Journal reported earlier Wednesday that Mnuchin, the US Treasury secretary, had sent the offer to a group of Chinese officials led by Vice Premier Liu He, the top economic adviser to President Xi Jinping.
The Treasury Department didn't respond to a request for comment Wednesday. China's Commerce and Foreign ministries didn't immediately respond to requests for comment Thursday in Beijing.

The proposal of new high-level talks comes as the trade war between the world's top two economies appears set to intensify. President Donald Trump said last week that new tariffs on $200 billion of Chinese goods could go into effect "very soon" and warned that another, even bigger wave of measures is "ready to go on short notice if I want."

Full Story: https://www.cnn.com/2018/09/13/politi...

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