{"id":19237,"date":"2019-05-10T13:15:37","date_gmt":"2019-05-10T21:15:37","guid":{"rendered":"https:\/\/associatednews.info\/content\/u-s-china-trade-talks-end-for-now-as-higher-tariffs-take-effect\/"},"modified":"2019-05-10T13:15:37","modified_gmt":"2019-05-10T21:15:37","slug":"u-s-china-trade-talks-end-for-now-as-higher-tariffs-take-effect","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/u-s-china-trade-talks-end-for-now-as-higher-tariffs-take-effect\/","title":{"rendered":"U.S.-China Trade Talks End For Now, As Higher Tariffs Take Effect"},"content":{"rendered":"

By Scott Horsley<\/a><\/span> <\/p>\n

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\n Cargo is unloaded from a container ship at the main port terminal in Long Beach, Calif., on Friday. Two days of trade talks between the U.S. and China ended without a deal to avert more tariffs.<\/p>\n

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Mark Ralston\/AFP\/Getty Images<\/p>\n

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Mark Ralston\/AFP\/Getty Images<\/p>\n

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Trade negotiators from the U.S. and China wrapped up two days of what President Trump called “candid and constructive” talks on Friday but failed to reach agreement. The Trump administration raised the stakes for future negotiations by boosting tariffs on $200 billion worth of Chinese imports. <\/p>\n

Those tariffs “may or may not be removed depending on what happens with respect to future negotiations,” Trump tweeted<\/a>. “The relationship between President Xi and myself remains a very strong one, and conversations into the future will continue.” <\/p>\n

While the prospect of higher tariffs rattled financial markets, investors seemed reassured that talks had not broken down completely. Major stock indexes closed up on Friday, after a sharp drop earlier in the day.<\/p>\n

Still, U.S. business groups greeted the administration’s latest move with caution. <\/p>\n

“CEOs are deeply concerned that a return to tariff escalation with China will hurt the U.S. economy and American workers, businesses, and farmers,” the Business Roundtable said in a statement<\/a>. <\/p>\n

The roundtable, which represents leaders of big public companies, supports the president’s push to change what it calls unfair trade practices in China. But CEOs stressed that any “final agreement should take tariffs down.” <\/p>\n