Why slowing economies could prod US and China to reach deal
WASHINGTON (AP) - The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness.
The import taxes the two sides have imposed on hundreds of billions of each other's goods - and the threat of more to come - have heightened anxiety on each side of the Pacific. The longer their trade war lasts, the longer companies and consumers will feel the pain of higher-priced imports and exports.
Their conflict is occurring against the backdrop of a slowdown in China and an expected U.S. slump that a prolonged trade war could worsen - a fear that's weighing on financial markets.
Yet those very pressures, analysts say, give the two countries a stronger incentive to make peace.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
In wake of declining sales, no plans for Bayou Country Superfest to...
Location for new Mississippi River bridge could be four years away
GOVERNMENT ST ROUNDABOUT
Accused killers still awaiting trial in Baton Rouge couple's 2015 murder
Kobe Bryant honored on billboards throughout Baton Rouge