News analysis

US-China trade impasse: Both sides can't be seen to be backing down

The United States has given formal notice that it will raise tariffs on Chinese goods worth billions of dollars today. Likewise, China has declared it will respond in kind when that happens.

Their hardline stances make it increasingly unlikely that the latest round of trade talks will break the impasse and de-escalate the tariff war. They also underscore just how far apart Washington and Beijing were on their deep-seated trade differences, despite recent optimism that trade negotiations were at the endgame stage.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on May 10, 2019, with the headline 'Trade impasse: Both sides can't be seen to be backing down'. Print Edition | Subscribe