U.S.-China trade talks end without progress

Trade talks between the U.S. and China ended Thursday with no sign of progress, raising concerns that the trade war between the world’s two largest economies is poised to escalate.

The White House said the two sides had “exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship,” and China called the discussions “constructive, candid.”

No further talks are scheduled.

The meeting ended hours after 25 percent tariffs on another $16 billion worth of Chinese goods took effect, and China retaliated with new tariffs on the same amount of U.S. goods.

“Now, it seems quite likely that the U.S. will impose tariffs on the $200 billion in imports from China, which will trigger a bigger round of shooting,” said Zhou Xiaoming, a former commerce ministry official and diplomat.

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