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.
LSU football returns Saturday with no tailgating, 25% capacity in Death Valley
What you need to know before you geaux to Tiger Stadium
Coach O Weekly Press Conference - Game 1 vs. MSU
Coach O speaks with media, says 'most' of team has had coronavirus
LSU's Neil Farrell opting back in for 2020 season