All the latest economic and financial news, as a US delegation lands in Beijing for crucial negotiations that could avert a trade warIntroduction: US delegation is in China for trade talksTreasury secretary Mnuchin leads big delegationTalks could de-escalate recent tensions.. or notPresident Trump wants a level playing fieldChina says it won’t be bullied 2.49pm BST China can withstand a trade war longer than the US, says Wendy Cutler, Asia Society Policy Institute vice president and former acting deputy U.S. trade representative. She was speaking to CNBC:”Both sides have a lot to lose” in a U.S.-China trade war, according to this expert. https://t.co/FlIH1HC7jj pic.twitter.com/U43OJTMnsl 2.38pm BST Worries about trade tensions as the US and Chinese delegations meet in the wake of Trump’s tariffs have seen US markets open lower.The Dow Jones Industrial Average is down 170 points or 0.7% while the S&P 500 opened down 0.29% and the Nasdaq Composite off 0.51%. Continue reading…
Via: US-China trade talks begin with Trump call for 'level playing field' – business live
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