US-China Trade Talks Reach Critical Phase

Voice of America | January 12, 2019

Deal or no deal? Trade talks between the U.S. and China the world’s two largest economies -- have reached a critical phase. Yet mixed signals coming from the White House and Beijing are causing analysts to question whether President Donald Trump and his Chinese counterpart, President Xi Jinping, will be able to finalize an agreement to end a costly trade war by early April as originally predicted. White House press secretary Sarah Sanders told reporters on Monday that the two sides haven’t set a date yet for a signing summit between Trump and Xi to end the dueling tariffs that are hurting both countries’ economies. In an appearance on Fox News over the weekend, White House economic adviser Larry Kudlow said that negotiations are "making great progress."

Spotlight

According to the chief economic analyst at Moody’s, Donald Trump’s trade war with China will cost the United States roughly 190,000 jobs, mostly in the agricultural sector. This is due to the fact that tariffs on produce leaving the US will cause the multi-billion dollar industry to take a massive financial hit, leading to ripples of layoffs throughout the country. Ring of Fire’s Farron Cousins explains.

Spotlight

According to the chief economic analyst at Moody’s, Donald Trump’s trade war with China will cost the United States roughly 190,000 jobs, mostly in the agricultural sector. This is due to the fact that tariffs on produce leaving the US will cause the multi-billion dollar industry to take a massive financial hit, leading to ripples of layoffs throughout the country. Ring of Fire’s Farron Cousins explains.

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