Chinese, U.S. talks on trade taper off; Trump’s new list of tariffs blamed

Posted: July 12, 2018 at 4:30 a.m.

Commerce Secretary Wilbur Ross testifies at a House Appropriations Committee hearing on the Department of Commerce budget, on Capitol Hill in Washington, March 20, 2018.

High-level trade talks between the U.S. and China have ground to a halt as President Donald Trump's administration threatens to escalate a trade war that shows little sign of abating, according to five people familiar with the matter.

In this April 30, 2018, file photo, Treasury Secretary Steven Mnuchin speaks during a discussion at the Milken Institute Global Conference, in Beverly...

Stacks of containers sit at the Yangshan Deep Water Port in Shanghai on Tuesday. The festering U.S.-China trade dispute threatens to upend supply chai...

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