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Say what? No retaliation, and Chinese talks continue after tariff threat?

That's the latest this morning, as despite some irrational worry yesterday trade officials from China are in Washington, DC this week and the top negotiator is reassuring the U.S. he plans to visit later this week as well. All this comes as the Trump administration places further pressure on China to reach an agreement with the United States.

President Trump says will increase tariffs on China at the end of the week, saying talks between the two nations are going too slowly. On Twitter, Trump states he will increase tariffs on $200 billion of goods from 10 to 25 percent, a move he originally planned for March 1st but held off due to progress in the talks at the time.

Trade organization Tariffs Hurt the Heartland says without evidence the move would cost nearly one million American jobs, and “increase the likelihood of retaliation on American farmers.”

China and the U.S. meet this week in what was expected to be the final round of formal talks. Trump is expected to host his Chinese counterpart Xi Jinping in June, with the expectation the two would sign an agreement. A spokesperson for China’s Foreign Ministry said Monday the negotiations held so far between the two sides have achieved positive progress, adding, China hopes the U.S. will work to “meet each other halfway and strive for a mutually beneficial agreement on the basis of mutual respect."


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