Wednesday, July 19, 2017

US-China trade rifts resurface as the 2 sides begin meeting

July 19, 2017 at 02:27PM

WASHINGTON (AP) — Cake and conversation, it seems, can go only so far to mend longstanding economic rifts between the United States and China.

Three months after President Donald Trump and his Chinese counterpart, Xi Jinping, shared chocolate cake at an amiable summit in Florida, tensions between the world's two biggest economies are flaring again.

As officials of the two sides began meeting Wednesday, Chinese Vice Premier Wang Yang said the two countries depend on each other economically and warned that "confrontation will immediately damage the interests of both.

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