US-China talks start after IMF warns of global economic ‘storm’
The International Monetary Fund issues a strongly worded warning as growth forecasts dip
Beijing — US negotiators met with their Chinese counterparts in Beijing on Monday for a new round of high-stakes trade talks, hoping to reach a deal before the March 1 deadline set by Donald Trump as the IMF warned of a possible global economic ''storm". Preliminary discussions had been expected to start on Monday, according to the White House, before US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin step in for the main event on Thursday and Friday.
In December, Washington suspended for three months its plan to increase tariffs on $200bn worth of Chinese imports — to 25% from the current 10% — to allow time for negotiators to work out a trade spat that has triggered fears of a global economic slowdown. Deputy trade representative Jeffrey Gerrish would lead the talks, the White House said. The talks will include officials from the agriculture, energy and commerce departments. Mnuchin and Lighthizer will be joined by David Malpass, Trump's nominee ...