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US-China Tariff Talks Stuck at Lower Levels, Stoking Frustration

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Talks between the US and China on trade and other issues are stuck at lower levels, people familiar with the matter said, with both sides talking past each other and failing to agree on the best way to proceed.
The article from MSN discusses the ongoing U.S.-China tariff negotiations, highlighting the current impasse at lower levels of government, which has led to frustration among businesses and policymakers. Despite some progress in other areas of the relationship, such as climate change and military communication, the tariff issues remain unresolved. The U.S. has maintained tariffs on approximately $300 billion worth of Chinese goods, while China has retaliated with tariffs on $100 billion of U.S. products. This deadlock has not only affected trade but also increased costs for American companies and consumers, with no immediate resolution in sight as both countries engage in what has been described as a "tit-for-tat" trade war. The article notes that while there are ongoing dialogues, the lack of high-level engagement has stymied significant breakthroughs, leaving businesses in a state of uncertainty.

Read the Full Bloomberg Article at:
[ https://www.msn.com/en-us/money/other/us-china-tariff-talks-stuck-at-lower-levels-stoking-frustration/ar-AA1AFOlI ]