Foreign Trade

Tariff Showdown Shifts to Intense Negotiation Period

4/4/18
from The Wall Street Journal,
4/4/18:

After Washington and Beijing crank up pressure on trade, lawmakers, business interests and lobbyists look to navigate new rules.

The Trump administration’s tit-for-tat with Beijing over potential tariffs has ushered in a high-stakes standoff over the future of trade between the world’s two largest economies. The combatants will now follow a timeline stretching over the next half year, during which the two sides will seek to negotiate a new normal. President Donald Trump, who initiated the tensions over Chinese trade practices, has put himself in a position to face mounting pressures from lawmakers, an intense campaign from corporate lobbyists, outcry from businesses big and small navigating cumbersome new trade rules—all amid a sharp downturn in financial markets.

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