- 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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