Here’s what no trade deal could mean for the US and China

Reuters/Kevin Lamarque

  • The US and China appear to be far from a breakthrough on trade negotiations.
  • Both economies have seen a series of dismal data in recent weeks.
  • Experts say further escalations, which are set to take place in March, would have far-reaching consequences for the global economy. 

With just over a month before planned escalations in a trade war between the US and China, negotiations seem to be on thin ice.

“There’s been a lot of anticipatory work done but we’re miles and miles from getting a resolution, and frankly that shouldn’t be too surprising,” Commerce Secretary Wilbur Ross said in an interview that aired Thursday on CNBC

See the rest of the story at Business Insider

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SEE ALSO: One of Trump’s top economic advisers thinks the US-China trade war will cause a ‘heck of a lot of US companies’ to make nasty announcements like Apple’s

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