Most recent round of U.S. – China negotiations conclude with little progress

Trade negotiations between the U.S. and China concluded July 31 without achieving significant progress. Since then, China has allowed its currency to weaken against the dollar, making its exports more affordable despite U.S. tariffs. President Trump also has announced plans to scale back 10-percent tariffs on an additional $300 billion in Chinese imports Sept. 1. These tariffs – List 4 – had been suspended following the June G-20 summit. According to the U.S. Chamber of Commerce, implementing the List 4 tariffs “will only inflict greater pain on American businesses, farmers, workers and consumers, and undermine an otherwise strong US economy.”