White House won’t talk trade with China without concrete offer: Report

Another tariff deadline imposed by the Trump administration is fast approaching, and a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping next month at the Group of Twenty summit may be the last chance for a breakthrough. The White House has said that the tariff rate already slapped on US$200 billion in Chinese goods will increase from 10% to 25% starting next year.That has increased the stakes for trade talks between the world’s two largest economies, but reporting on Thursday suggests that the Trump administration won’t even come to the table until Beijing presents a firm offer of concessions.