Foreign Trade

Tariff Showdown Shifts to Intense Negotiation Period

from The Wall Street Journal,

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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