As US-China trade talks hit snag, analysts blame domestic politics in both nations
Talks aimed at breaking down trade barriers between the United States and China appeared to hit a snag Wednesday in Washington, as the two sides canceled news conferences that were scheduled for the end of the meeting.
As the talks started in Washington, U. S. Treasury Secretary Steve Mnuchin called for “a more fair and balanced economic relationship” between the United States and China.
Chinese Vice Premier Wang Yang said trading cooperation between the two countries “is a realistic choice for both sides, ” but he warned “confrontation will immediately damage the interests of both.”
Washington and Beijing govern the world’s two biggest economies, but China sells more than $300 billion more to U. S. customers each year than American firms sell to China.
Analysts say domestic politics in both nations make it difficult for negotiators to make progress on trade issues.