The U.S. and China seemed poised to reach a deal on their yearlong trade war last week until President Trump raised tariffs from 10 percent to 25 percent on $200 billion worth of Chinese imports on Friday after a breakdown of negotiations.
“The problem is two weeks ago in China, there was backtracking by the Chinese,” White House economic adviser Larry Kudlow said on “Fox News Sunday.”
View the complete May 12 article by Chris Mills Rodrigo on The Hill website here.