Chinese, US officials struggle to agree on schedule for planned meeting: report

Chinese, US officials struggle to agree on schedule for planned meeting: report
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Chinese and U.S. officials are struggling to agree on a schedule for trade negotiations, Bloomberg News reported Monday.

People familiar with the discussions told the outlet that Washington's refusal to delay sanctions that took effect Sunday has flustered planned meetings for this month.

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The two sides have reportedly failed to agree on basic terms of re-engagement, with mistrust on both sides.

Two requests — an American appeal to set some parameters for the next round of talks and a Chinese call to delay new tariffs — have not been met, two sources told Bloomberg.

President TrumpDonald John TrumpFed saw risks to US economy fading before coronavirus spread quickened Pro-Trump super PAC hits Biden with new Spanish-language ad in Nevada Britain announces immigration policy barring unskilled migrants MORE on Sunday followed through with imposing 15 percent tariffs on approximately $112 billion in Chinese goods.

In response, China has promised to launch a case against the U.S. with the World Trade Organization.

The U.S. has scheduled another round of 15 percent tariffs for Dec. 15 covering about $160 billion in Chinese imports.

Beijing has vowed retaliatory tariffs that, combined with the Sunday increases, would reportedly cover $75 billion in American products.

Markets have been rocked by the tit-for-tat tariffs, and further failure to negotiate could amplify those downward trends.