USA. Trade Representative Robert Lighthizer talks about a trade meeting held by US President Donald Trump with governors and members of the White House Congress on April 12, 2018, in Washington, DC.
US Trade Representative Robert Lighthizer saw no progress on key issues in last week's negotiations aimed at settling the ongoing trade dispute between the United States and China, according to beds Chuck Grassley.
Dow Jones Industrial Average yielded a 100 point gain after Grass Leave comments.
Washington and Beijing reached a ceasefire last month, preventing two countries from raising tariffs on hundreds of billions of dollars worth of each other's goods after January 1. The agreement lasts for 90 days, after which a 10 percent fee of $ 200 billion in Chinese imports will increase to 25 percent if there is no agreement reached.
US dealers traveled to Beijing last week to lay the groundwork for a long-term deal. The conversation, originally scheduled for two days, extended to a third day, a development that was generally considered a positive sign of progress.
The lighthouse's view of the negotiations is another sign that the administration's officials are taking a more targeted approach to the negotiations than President Donald Trump. After reaching the ceasefire, Trump called it "one of the greatest deals ever made" and has recently said that trade talks are "good!"