WASHINGTON: A logjam in the trade talks between the US and China could be broken once Presidents Donald Trump and Xi Jinping speak, US officials said Sunday – a conversation they said could happen soon.
Trump on Friday accused Beijing of violating a deal reached last month in Geneva to temporarily lower staggeringly high tariffs the world’s two biggest economies had imposed on each other, in a pause to last 90 days.
China’s slow-walking on export licence approvals for rare earths and other elements needed to make cars and chips have fuelled US frustration, The Wall Street Journal reported Friday – a concern since confirmed by US officials.